Chapter 20 USDCHF reset to Continue the uptrend
USDCHF
4/11/2022
Fundamental analysis
After Friday's release of news Unemployment rates in the US was worse than expected at 3.7% And non-farm payroll Figures lower than the previous month at 261k we have CPI YOY Coming on 10 November With an expectation of 8%, All this happened after the Federal Bank Has increased the interest rate to 4%
On the other hand, we have Swiss franc unemployment rates coming on 7 November With expectations the same as the previous month at 2.1%
From all this fundamental news we can protect that the USD is resetting The position Tory continues the uptrend on the pair
U.S. CPI YoY (Not SA) (Oct)
A higher-than-expected figure should be seen as positive (bullish) for the USD while a lower-than-expected figure should be seen as negative (bearish) for the USD.
Switzerland Unemployment Rate (SA) (Oct)
A higher-than-expected figure should be seen as negative (bearish) for the CHF while a lower-than-expected figure should be seen as positive (bullish) for the CHF.
Technical analysis
4-hour chart showing that the price is pushing down to the demand zone at 0.98410-0.98676 Also add the Fibonacci retracement level at 23.6 We expect the price to push up from this demand zone to The supply zone at 1.01368 With 200 and 20 Simple moving averages pointing up
-hour chart showing that the price is pushing down to the demand zone at 0.98410-0.98676 Also add the Fibonacci retracement level at 23.6 We expect the price to push up from this demand zone to The supply zone at 1.01368 With 200 and 20 Simple moving averages pointing up
