USDCHF FORECAST AND TRADE IDEA
USDCHF FORECAST (requested by our subs)
- Technical analysis: USDCHF is in strong downtrend because of LHLL structure and many bearish candles. Also, there are no signs of reversals such as big wicks or consecutive impulsive candles to the upside. My target for USDCHF is still waiting for the retracement to the previous important zone
- Fundamental analysis: Although Biden massive plan on tax raising may impact positively on the #USD, #CHF is still stronger due to the rise of COVID pandemic deaths and cases recently.
Hence, my bias for USDCHF is still short.
- Technical analysis: USDCHF is in strong downtrend because of LHLL structure and many bearish candles. Also, there are no signs of reversals such as big wicks or consecutive impulsive candles to the upside. My target for USDCHF is still waiting for the retracement to the previous important zone
- Fundamental analysis: Although Biden massive plan on tax raising may impact positively on the #USD, #CHF is still stronger due to the rise of COVID pandemic deaths and cases recently.
Hence, my bias for USDCHF is still short.
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