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USDCHF buy

by Remy N, February 17, 2021

USD/CHF H4 Technical and fundamental

by Remy Njoroge February 17, 2021

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USD/CHF

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Short

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H4

Timeframe:

H4

Analysis Method:

Technical and fundamental

Analysis:

With USD catching a bid across all major G8 currencies, the pair is proving to be a worthwhile buy

CHF has also been weakening against all other major G8 currencies, apart from the JPY which started strengthening against CHF today

Due to this, it’s just a case of strongest currency against weakest which usually leads to some good returns

Risk Management:

Buy Price: 0.89574
SL: 0.89300
TP: 0.90374

27 points risk for a probable 80 points return

Things To Watch For:

Any change in sentiment in US indices – as far as they remain bearish, USD is bound to continue being bid by traders

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