USDCHF - Bullish Bias
USD - BULLISH
1️⃣ The US economy created the most jobs in 7 months in March, the payrolls report showed, and President Biden unveiled a $2.25 trillion infrastructure plan to boost the economic recovery.
2️⃣ US ISM Services PMI for March is set to jump, following a sharp rise in ISM manufacturing.
CHF - BEARISH
1️⃣ Expectations of a huge US economic rebound and high Treasury yields while the outlook in Europe remains more vulnerable due to rising Covid-19 cases.
2️⃣ Risk-on tone pressured the safe-haven CHF.
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Technical
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We are looking to buy the USDCHF at support + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The US economy created the most jobs in 7 months in March, the payrolls report showed, and President Biden unveiled a $2.25 trillion infrastructure plan to boost the economic recovery.
2️⃣ US ISM Services PMI for March is set to jump, following a sharp rise in ISM manufacturing.
CHF - BEARISH
1️⃣ Expectations of a huge US economic rebound and high Treasury yields while the outlook in Europe remains more vulnerable due to rising Covid-19 cases.
2️⃣ Risk-on tone pressured the safe-haven CHF.
=====
Technical
=====
We are looking to buy the USDCHF at support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade attivo
PENDING ORDER TRIGGEREDTrade chiuso: stop raggiunto
❌ TRADE HAS HIT STOP LOSS-30 PIPS
CHF advanced despite the risk-on tone.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.