USDCHF Analysis
USDCHF is breaking the higher low level of the ascending channel in the 4-hour timeframe chart.
After the confirmation of downward movement USDCHF sell signal given.
But USDCHF hover around the entry price range and take profit range and it starts to make a ranging movement between the entry price levels for a long time.
The market kept moving up and down between the entry price ranges for 2 days as per AEDT time zone. Example: If a signal was given on Tuesday at 8 p.m AEDT time, The trade protection of the signal should be carried out on the next day at 11.59 p.m AEDT time.
As per signal following rules, This signal has given on 11.30 pm AEDT time and it has made ranging movement within the protection time the USDCHF signal has closed at an entry price level.
For new users: Please note that: USDCHF signal has been closed at entry price level due to lack of movement and the 2 days protection rule. Keep following our signals as per the signal rules given to you under each signal message : https://signal.forexgdp.com/follow
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US Dollar: Russian President Speech
US Dollar Index moved up as Russian V. Putin said he would recognize the independence of Donetsk and Luhansk shows rising tensions of invasion and remaining parts of Ukraine is possible in the near term.
And US Joe Biden will initiate Executive Order Bill if Russian Troops are sent to Two breakaway states.
Geopolitical tensions are faster, and anytime War can start if the situation goes worst.
China Diplomat Yi Speech
Chinese Diplomat Wang Yi said the attempt to include Taiwan in its Indo-pacific strategy shows the wrong signal to contain China, and this speech was held during US Secretary of state Anthony Blinken in the Reuters meeting.
And China is worried about the situation happening in Ukraine. Every country has its legitimate security concerns, and that should be respected.
China has helped these Ukraine issues with the US and Stabilize Bilateral ties.
Swiss Franc: White House National Advisor speech
White House Principal Deputy National Security advisor Jonathan Finer said that there could be no meeting with US and Russian Foreign ministers and also between US & Russian Presidents if Russia goes on with the invasion of Ukraine.
Due to these scenarios, the Swiss Franc triggered higher against other currency pairs, and USDCHF Triggered higher due to Fears surrounding in East Ukraine part.
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