Daily Market Analysis by Exness - USD/CHF

Discussion in 'Forex Signals' started by Exness Support, Jul 31, 2014.

  1. Exness Support

    Exness Support Active Trader

    31.07.2014 7:07 USDCHF
    Report on the number of jobs in the private sector of the US from ADP did not prevent growth of the USDCHF pair

    Buy on rebound from 0.9079 level with 0.9154 target. Stop loss = 0.9030.

    Reason for the trading strategy.

    The number of jobs in the US private sector from ADP increased in July to 218,000, with a forecast of 234,000, and a previous value of 281,000. However, over 3 months, the average value of the index was above 218,000, totaling 226,000. We assume that the positive expectations for the July jobs report outside the US agricultural sector will support demand for the dollar.

    USDCHF, H4

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