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USD/CHF Signal - USD Chicago Fed National Activity Index (Nov) - 21 Dec 2020

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Signal Details
Entry Price: 
0.8851
Take Profit: 
0.8885
Stop Loss: 
0.8820
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

USD/CHF is trading to the upside today prior to USD Chicago Fed National Activity Index (Nov) . The Chicago Fed National Activity Index (CFNAI), released by Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the USD/CHF into the 0.8885 level.

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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.