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[QUOTE="Antony_NPBFX, post: 196614, member: 38727"] [size=5][b]USD/CHF: the American dollar develops a confident rally 21.06.2021 [/b][/size] Good afternoon, dear forum visitors! [url=https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on USD/CHF for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] Today, during the Asian session, the USD/CHF pair actively grows, preparing to renew local highs from mid-April. Market participants react to the minutes of the US Federal Reserve meeting published last week, which reflected a smooth change in sentiment in the US regulator's leadership. Now, the first rate hike is expected in 2023, while some board members are in favor of a reasonable rate hike as early as 2022. Also, the department promised to assess the feasibility of reducing the current quantitative easing program at each of its meetings. The regulator will start tightening monetary policy with this action. On Monday, European investors await the release of a monthly report from the Bundesbank, as well as a speech by the head of the European Central Bank (ECB) Christine Lagarde, who is likely to try to stabilize the situation in the currency markets. [b] Support and resistance [/b] Bollinger bands grow steadily on the daily chart. The price range expands but not as fast as the “bullish” sentiments develop. The MACD indicator grows, maintaining a strong buy signal (the histogram is above the signal line). Stochastic, having approached its highs, reversed into a horizontal plane, indicating that USD may become overbought in the ultra-short term. You should hold the existing long positions until the signals from technical indicators are clarified. Resistance levels: 0.9244, 0.9300, 0.9350, 0.9400. Support levels: 0.9200, 0.9163, 0.9100, 0.9050. [img]http://businesspr-finance.com/wp-content/uploads/2021/06/USDCHF210621-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/06/USDCHF210621-333.png[/img] [b] Trading tips [/b] Long positions may be opened after the breakout of 0.9244 with the target at 0.9350. Stop loss – 0.9200. Implementation period: 1–2 days. Short positions may be opened after the rebound from 0.9244 and the breakdown of 0.9200 with a target at 0.9100. Stop loss – 0.9244. [b]Use more opportunities of the NPBFX analytical portal: E-book[/b] If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more. You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on USD/CHF and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url]. [/QUOTE]
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