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Technical Analysis
Video | Market Technical | Solid ECN
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[QUOTE="SOLIDECN, post: 213069, member: 80239"] [HEADING=1][JUSTIFY]USDCHF - Swiss economy remains under pressure[/JUSTIFY][/HEADING] [JUSTIFY]Switzerland's trade balance will be published tomorrow, which could fall to annual lows of 2.9B francs due to the continued rise in the cost of imports: this figure added 8.6% in August compared to last year's value. The State Secretariat for Economic Affairs (SECO) will publish fresh economic forecasts, which will reflect the situation with inflation, which due to rising import prices, may increase to 3.3–3.5% this month, which is another anti-record for the country. [img]https://www.linkpicture.com/q/usdchf_7.png[/img] On the daily chart, the price is correcting within the downwards corridor, falling towards the support line. Technical indicators keep a sell signal, which has weakened due to an upward correction: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram has formed another downward bar in the sell zone. Resistance levels: 0.97, 0.9843 | Support levels: 0.9587, 0.941[/JUSTIFY] [/QUOTE]
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