Wanna 300+ Guaranteed pips Weekly?

Wanna 300+ Guaranteed pips Weekly?
Contact: For Premium Signal


USD/CHF Setups a Valid Resistance Level


forex news, forex signals, fx news, fx trader, forex usd, best forex pairs to trade, forex market news, fx trader exchange rates, forex trading news, forex business, fx signals, live daily signals, free forex trading, usdchf news, forex day trading strategies, best forex strategies, value fx investment, fx usd chf, forex chf, value fx, all forex pairs, forex trading today, forex analysis today, usd chf forex, resistance forex, forex trading tips today, top forex signals, forex update, today forex signals, best forex system, forex trading ideas, forex market value, forex trading alerts, forex analysis sites, forex ideas, forex signal indicator, best forex analysis, all forex, best forex training, free fx signals, currency news trading, best forex exchange, forex news analysis, today forex, free forex signals daily, us forex news, news for traders, usa forex,

Turning Out 0.9400 To Be A Key Number For The SWISS FRANC

It has been a stimulating Monday on Wall Street. Thus far, the lead stories are sell-offs within the NASDAQ (-0.61%) and GOLD (-1.19%). Safe-havens are struggling across the board, with modest action within the USD/CHF (-0.08%) and USD/JPY (+0.06%). For the nonce , it's like institutional investors are rebalancing the books before Q1 2021 coming to an in depth .

The past month it has been a challenging period for bullion. Values have already fallen to the 1700.0 area as risk is on the decline. Wall Street’s “fear gauge,” the CBOE Volatility Index (VIX) is currently reading 20.82, very near yearly lows. For reference, in March 2020, the VIX regularly posted values within the 50-70 range.

All in all, it’s a comparatively slow day on the markets. However, things are thanks to heat up within the coming 48 hours. Remember, Wednesday, 31 March is that the official end of Q1 2021. get on the lookout for a flurry of action as investors direct their strategic intentions toward Q2.

For the USD/CHF, things are quiet; rates are consolidating near 0.9400 for the second consecutive session.

USD/CHF Tightens Up Near 0.9400

At press time (about 1:15 PM EST), the USD/CHF features a shot of posting a daily Doji formation. this may be the second during a row, which suggests that rates could also be gearing up for a directional move. Technically, a bullish bias remains warranted as this market is firmly above downside support.

Here are two levels to observe for the near future:

  1. Resistance(1): Psyche Level, 0.9500
  2. Support(1): Daily SMA, 0.9305

Bottom Line: 

If we see the USD/CHF pullback in the week , a buying opportunity may inherit play. Until Friday’s closing bell, We will have buy orders queued up from 0.9309. With an initial stop loss at 0.9274, this trade produces 35 pips on a rather sub-1:1 risk vs reward ratio.

No comments:

Post a Comment