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USD/CHF Signal - USD Initial Jobless Claims - 14 Jan 2021

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Signal Details
Entry Price: 
0.8869
Take Profit: 
0.8820
Stop Loss: 
0.8905
Direction: 
Sell
How we trade
Average: 4.5 (2 votes)

USDCHF is capped by the intraday trendline prior to the USD Initial Jobless Claims data. The data is a measure of the number of people filing first-time claims for state unemployment insurance. Technically the pair is below the moving average, the 0.8890 pivot and the trendline. We anticipate continued downside into 0.8820.

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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.