Our free forex signals service today looks at the USD/CHF and we have the entry, stop and take profits levels for you.
Thursday’s European session sees the USD/CHF pair gaining momentum. In the first trading session, the pair pulled back to a low of 0.9127 from a high of 0.9158 in the previous session.
–Are you interested to learn more about forex signals? Check our detailed guide-
At the time of writing, the USD/CHF pair is trading at 0.9160, up 0.36% on the day.
Treasury yields rose to 0.38 percent from 1.34%. However, in contrast to the benchmark’s 10-year yield, the US dollar index (DXY) traded below 93.00, which limited USD / CHF’s gains.
In July, orders for durable goods in the US fell 0.1%, below the market expectation of a 0.3% decline.
Moreover, the Swiss franc has been under pressure after the Credit Suisse sentiment index declined by about 51 points to -7.8 in August, signaling that the pandemic outbreak in the US and China is nearing an end. An export-oriented economy would experience disruptions in its supply chain as a result.
During the US session, the S&P 500 futures were trading at 4,496, an increase of 0.22 percent, a record high.
For now, traders are waiting for US gross domestic product (GDP), corporate income, and initial claims for unemployment benefits.
USD/CHF free forex signals
Instrument: USD/CHF
Order Type: BUY STOP
Entry price: 0.9183
Stop Loss: 0.9138
TP1: 0.9244
Our Risk Setting: 1%
Risk / Reward Ratio: 1:1.37
Looking to trade forex now? Invest at eToro!
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Share
Saqib Iqbal
