๐๐๐USD/CHF news:
๐The February labor market report in the US closely matched expectations, with job growth reaching 151K (forecast: +160K, previous: +143K). Despite the recent layoff of 30,000 public sector workers and a decline in labor supply due to stricter immigration policies set for this summer, employment gains remain solid. The unemployment rate inched up to 4.1% in February from 4.0% in January. Overall, the report did not indicate immediate risks of recession or economic overheating, although other indicators have recently suggested a gradual softening of the US economy.
๐On the geopolitical front, Trump has proposed the possibility of imposing significant new US sanctions and tariffs on Russia to push for peace negotiations regarding Ukraine. Meanwhile, US and Ukrainian officials are set to meet in Saudi Arabia this week, with hopes that these discussions will yield better results than President Zelenskyy's recent visit to the White House, which led to the US halting military aid and intelligence support for Kyiv.
Personal opinion:
๐In the long term, President Trump's tariff policy still poses many risks and has a negative impact on the USD
๐Technically, the RSI indicator in most frames has entered the oversold zone and is showing signs of convergence. This signals a short-term upward correction for this currency pair
๐At the same time, DXY is also recovering in an upward direction after meeting a strong support level today
Analysis:
๐Based on SMA and important resistance - support levels combined with pivot points standard to come up with a suitable strategy
๐Price Zone Setup:
๐Sell USD/CHF 0.8860 - 0.8870
โSL: 0.8905 | โ TP: 0.8820 - 0.8780 - 0.8740 - 0.8700
FM wishes you a successful trading day ๐ฐ๐ฐ๐ฐ
๐The February labor market report in the US closely matched expectations, with job growth reaching 151K (forecast: +160K, previous: +143K). Despite the recent layoff of 30,000 public sector workers and a decline in labor supply due to stricter immigration policies set for this summer, employment gains remain solid. The unemployment rate inched up to 4.1% in February from 4.0% in January. Overall, the report did not indicate immediate risks of recession or economic overheating, although other indicators have recently suggested a gradual softening of the US economy.
๐On the geopolitical front, Trump has proposed the possibility of imposing significant new US sanctions and tariffs on Russia to push for peace negotiations regarding Ukraine. Meanwhile, US and Ukrainian officials are set to meet in Saudi Arabia this week, with hopes that these discussions will yield better results than President Zelenskyy's recent visit to the White House, which led to the US halting military aid and intelligence support for Kyiv.
Personal opinion:
๐In the long term, President Trump's tariff policy still poses many risks and has a negative impact on the USD
๐Technically, the RSI indicator in most frames has entered the oversold zone and is showing signs of convergence. This signals a short-term upward correction for this currency pair
๐At the same time, DXY is also recovering in an upward direction after meeting a strong support level today
Analysis:
๐Based on SMA and important resistance - support levels combined with pivot points standard to come up with a suitable strategy
๐Price Zone Setup:
๐Sell USD/CHF 0.8860 - 0.8870
โSL: 0.8905 | โ TP: 0.8820 - 0.8780 - 0.8740 - 0.8700
FM wishes you a successful trading day ๐ฐ๐ฐ๐ฐ
Trade active
The market is moving sideways and waiting for economic data from the US.
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t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.