USDCHF Forecast Remains Bullish

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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.

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