USDCHF | More upside? | 18 May
#USDCHF 2H | Short-term
This pair has touched the upside trendline 3 times and bounced from it, which leads us to believe that the upside momentum is still strong.
We can also see that the downside trendline (aka. correction flag) has been broken and retested. Which gives us more reason to think that there will be more upside to come on the USDCHF.
📰 Fundamentals to watch:
- U.S. Building Permits
- U.S. Crude Oil Inventories
- U.S. Federal Open Market Committee (FOMC) Meeting Minutes
- U.S. Initial Jobless Claims
- U.S. Philadelphia Fed Manufacturing Index
- U.S. Existing Home Sales
Risk Only: 2-3%
For more updates join our Telegram channel: T.me/UncleBullFX
Good Luck!
This pair has touched the upside trendline 3 times and bounced from it, which leads us to believe that the upside momentum is still strong.
We can also see that the downside trendline (aka. correction flag) has been broken and retested. Which gives us more reason to think that there will be more upside to come on the USDCHF.
📰 Fundamentals to watch:
- U.S. Building Permits
- U.S. Crude Oil Inventories
- U.S. Federal Open Market Committee (FOMC) Meeting Minutes
- U.S. Initial Jobless Claims
- U.S. Philadelphia Fed Manufacturing Index
- U.S. Existing Home Sales
Risk Only: 2-3%
For more updates join our Telegram channel: T.me/UncleBullFX
Good Luck!
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