USDCHF - Bullish Bias
USD - Weak Bullish
1️⃣ The Fed insists that the economy has made progress toward inflation and employment targets, and if this progress continues as expected, a reduction in asset purchases may be needed.
2️⃣ 9 out of 18 policymakers have voted for an interest rate hike as early as 2022, compared to 7 votes in June.
3️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected.
CHF - Strong Bearish
1️⃣ Sentime risk-on can weaken safe-haven currencies like CHF.
2️⃣ The SNB also reiterated that it is always ready to intervene in the Forex market if necessary to reduce the value of the CHF.
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Technical
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We are buying the USDCHF after it rebounded at the support level.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ The Fed insists that the economy has made progress toward inflation and employment targets, and if this progress continues as expected, a reduction in asset purchases may be needed.
2️⃣ 9 out of 18 policymakers have voted for an interest rate hike as early as 2022, compared to 7 votes in June.
3️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected.
CHF - Strong Bearish
1️⃣ Sentime risk-on can weaken safe-haven currencies like CHF.
2️⃣ The SNB also reiterated that it is always ready to intervene in the Forex market if necessary to reduce the value of the CHF.
=====
Technical
=====
We are buying the USDCHF after it rebounded at the support level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Trade closed manually
✅ Close Manually at 0.91900+55 PIPS
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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.
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.