USDCHF trend forecast February 6, 2025
USD/CHF extends its decline for the second consecutive day, hovering around 0.9030 during Wednesday’s European session. The pair's downward movement is largely attributed to a weakening US Dollar (USD), which is experiencing a technical pullback.
The US Dollar Index (DXY), which measures the USD against a basket of six major currencies, remains under pressure for the third straight session, trading near 107.70. Meanwhile, investors are focused on the upcoming US Nonfarm Payrolls (NFP) report on Friday, which could play a key role in shaping the Federal Reserve’s (Fed) monetary policy outlook
USDCHF price shows signs of recovery, waiting for retest entry and support on h2 frame to increase price again
/// BUY USDCHF: zone 0.89750 - 0.89600
SL: 0.89250
TP: 40 - 70 - 150pips ( 0.91100)
Safe and profitable trading
USD/CHF extends its decline for the second consecutive day, hovering around 0.9030 during Wednesday’s European session. The pair's downward movement is largely attributed to a weakening US Dollar (USD), which is experiencing a technical pullback.
The US Dollar Index (DXY), which measures the USD against a basket of six major currencies, remains under pressure for the third straight session, trading near 107.70. Meanwhile, investors are focused on the upcoming US Nonfarm Payrolls (NFP) report on Friday, which could play a key role in shaping the Federal Reserve’s (Fed) monetary policy outlook
USDCHF price shows signs of recovery, waiting for retest entry and support on h2 frame to increase price again
/// BUY USDCHF: zone 0.89750 - 0.89600
SL: 0.89250
TP: 40 - 70 - 150pips ( 0.91100)
Safe and profitable trading
Trade active
USDCHF increased prices like plan, trading around 0.90500
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
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.