USDCHF - Short City
A couple of issues driving this trade.
1) We have a pullback into the 50% level with clear space to the downside. We are consolidating above a daily level but this can easily be taken out if the fundamentals hold true.
2) The Daily level is showing a pullback setup with continuation to the downside.
3) The US30 is taking a hit and looks to continue down for this next week even with the FED rate cut to 0%. The market does not have confidence in the rate cut.
4) COVID-19 testing in the US has been bottle necked and will take some time before consumers will feel safe.
5) Even with all of the global banks working in unison. People will flock off to currency safe havens.
1) We have a pullback into the 50% level with clear space to the downside. We are consolidating above a daily level but this can easily be taken out if the fundamentals hold true.
2) The Daily level is showing a pullback setup with continuation to the downside.
3) The US30 is taking a hit and looks to continue down for this next week even with the FED rate cut to 0%. The market does not have confidence in the rate cut.
4) COVID-19 testing in the US has been bottle necked and will take some time before consumers will feel safe.
5) Even with all of the global banks working in unison. People will flock off to currency safe havens.
Dagangan ditutup: hentian tercapai
Oh well, onward to the next trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.