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.
Transaction en cours
PENDING ORDER TRIGGEREDTrade fermée: ordre d’arrêt atteint
❌ TRADE HAS HIT STOP LOSS-30 PIPS
CHF advanced despite the risk-on tone.
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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.