Short

USDCHF Short term bulls

Updated

USDCHF May run to 0.92100 early next week, as the week's high. I anticipate a reversal once it reaches that level ahead of US PMI and US GDP. Given that the GDP is expected to decline, any less than forecast figure may push it 0.88700 then later to 0.88100.

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Still waiting for 0.88700. Short term bulls reaped their profits, now holding from entry sell @0.92200 previous TP.

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We are still moving down, All eyes on 0.88500 then 0.88100.

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Keep adding Sell positions. First target 0.88500 was reached, now waiting for 0.88100. A new target 0.87500 is coming up. We keep following. US CPI as the major event next week. I'll advise further.

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CPI Just came in worse, keep holding we are heading to our targets.

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TP 0.88100 Achieved. Eyes now on today's US GDP and next week's risk on mood. Let's watch together.

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Already at 0.87500 zone(Target achieved). Trim positions as we await NFP. Any less than forecast from NFP will lay ground for a move towards 0.85800. Also note there is swiss CPI Tomorrow.

WisdomArnold

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