Tickmill’s Investing Diva, USDCHF Daily Outlook 14-08-20

Feb 7, 2024 - 10:51

USDCHF Daily Outlook 14-08-20 – On Thursday, the US unemployment claims fell below 1 million for the first time since March, showing a sign that the labor market is continuing its recovery from the coronavirus pandemic. The German Inflation rate came in at -0.1% in July as expected. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends. On Friday we’ll be eyeing Euro Area’s GDP and the US retail sales. <iframe src="https://www.youtube.com/embed/HsBclPrCpVg" width="100%" height="481" frameborder="0" allowfullscreen="allowfullscreen" data-mce-fragment="1"></iframe> Today I’m looking at the USD/CHF pair which appears to have found support at 0.90. The pair remains below the Ichimoku clouds across the board including the 4-hour chart. We could see another revisit of 0.90 in the short term and if the support continues to hold, this could turn into a triple bottom bullish reversal chart pattern. Do you think the USD/CHF is done with the bears and a new uptrend is on the horizon soon? Head over to the comments section and let me know. Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company. High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 76% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The post <a rel="nofollow" href="https://blog.tickmill.com/market-news/tickmills-investing-diva-usdchf-daily-outlook-14-08-20/">Tickmill’s Investing Diva, USDCHF Daily Outlook 14-08-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.

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