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Usdchfidea

EURCHF - SELL OPPORTUNITYEUR - BEARISH 1️⃣ European stock markets traded mostly lower as investors fear that a second wave of infections in Europe could dampen the economic recovery. 2️⃣ The Eurozone's largest economy (Germany) contracted by 10.1% during the second quarter of 2020. 3️⃣ Euro area unemployment up to 7.8% in June. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases. 2️⃣ Risk-off markets sentiment will help Swissy. ===== Technical ===== - Im shorting EURCHF on SBR level + SMA50 area. - USDCHF in bearish mode.
Short
by MonsunAsia
USDCHF - SELL OPPORTUNITYUSD - BEARISH 1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term. 2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as it faces some form of opposition from the Republicans, Democrats and President Trump. 3️⃣ Chairman Jerome Powell noted that there are signs the increase in infections is starting to weigh on activity while noting that the path forward for the economy is “extraordinarily uncertain.” 4️⃣ Q2 GDP expected to print negative due to economic shutdown. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases. 2️⃣ Risk-off markets sentiment will help Swissy. ===== Technical ===== - We short on SBR level + SMA 50 area on H1 chart. - USDCHF in bearish zone.
Short
by MonsunAsia
Potential Long Trade in USDCHFUSDCHF has reached a long-term support level from where it could bounce up. I have already started buying USDCHF with my latest buy at 0.9172. This trade is based on the weekly chart. So, one has to wait patiently to see how this plays out over the course of the next few weeks. I like this set-up because of the good risk/reward ratio and the potential profit will be much bigger than the amount I am risking. There's a big chance that USDCHF will bounce from this area and reach 0.99 level.
Long
by YourLazyTrader
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