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USD/CHF Signal - CHF Unemployment Rates - 9 Sep 2020

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Signal Details
Entry Price: 
0.9180
Take Profit: 
0.9220
Stop Loss: 
0.915
Direction: 
Buy
How we trade
Average: 4.7 (3 votes)

USD/CHF is trending to the upside prior to CHF unemployment data. Unemployment data measures the number of people on unemployment benefits, typically with a lower reading bullish for the swiss franc and a higher reading bearish. The consensus is for a 0.1% increase in unemployment. Technically the pair has formed a support, and bounced off the 50 moving average. We anticipate further upside into 0.9220.

Submitted by Toni H. on Tue, 08 Sep 2020 22:41:33 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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