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USDCHF Forecast Remains Bullish
The USDCHF price forecast in our January 8, 2021 technical analysis was bullish.
Market analysis after our USDCHF,Daily technical analysis last week still indicates bullish bias.
- US unemployment rate remained unchanged at 6.7% for December when an uptick to 6.8% was expected.
- However, President-elect Biden pledged a wide-ranging fiscal package which is a downside risk for USDCHF,Daily.
Here is what indicators show as of January 11, 2021:
- The Parabolic Indicator gives a bullish signal.
- The Donchian channel indicates no trend yet: it is flat.
- The MACD indicator gives a bullish signal: it is below the signal line and the gap is narrowing.
- The On Balance Volume oscillator gives a bullish signal.
- The Fractals give a bearish signal.
- The MA(200) indicator gives a bearish signal.
So the bullish forecast still stands for the USDCHF,Daily.
Order | BUY |
Buy stop | Above 0.8920 |
Stop loss | Below 0.8757 |
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