USDCHF - Bullish Bias
USD - Strong Bullish
1️⃣ The dollar index (DXY) rebounded above the 94.00 level on Monday after a rebound in US Treasury bond yields after stronger-than-expected retail sales.
2️⃣ Market sentiment is in a Risk-Off state after disappointing economic data from China.
3️⃣ Recent inflationary pressures forced the Fed to do tapering earlier.
CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.
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Technical
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Buy opportunities for the USDCHF if the price holds above the support level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ The dollar index (DXY) rebounded above the 94.00 level on Monday after a rebound in US Treasury bond yields after stronger-than-expected retail sales.
2️⃣ Market sentiment is in a Risk-Off state after disappointing economic data from China.
3️⃣ Recent inflationary pressures forced the Fed to do tapering earlier.
CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.
=====
Technical
=====
Buy opportunities for the USDCHF if the price holds above the support level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.