USDCHF
April 6, 2016, 10:17
Buy on a level breakthrough of 0.9614 with 0.9670 target. Stop loss = 0.9564.
Reason for the trading strategy
A recent statement by D.Trump, the US presidential candidate, about the situation on the US labor market contradicts the official statistics and generates negative expectations for the future of the dollar against other currencies. He said that "our unemployment rate figures are clearly not 5%. They are at least 20%, if you look at the real situation. " The American establishment cannot help but worry about the situation in the US industrial sector, where the planned reduction in the number of jobs is under way. This sector suffers from the overvalued US currency. Indirectly, this indicates an increase in the US trade deficit to $47.1 billion for February. The current adjusting growth of the dollar against the franc may be limited by resistance level of 0.9670.
April 6, 2016, 10:17
Buy on a level breakthrough of 0.9614 with 0.9670 target. Stop loss = 0.9564.
Reason for the trading strategy
A recent statement by D.Trump, the US presidential candidate, about the situation on the US labor market contradicts the official statistics and generates negative expectations for the future of the dollar against other currencies. He said that "our unemployment rate figures are clearly not 5%. They are at least 20%, if you look at the real situation. " The American establishment cannot help but worry about the situation in the US industrial sector, where the planned reduction in the number of jobs is under way. This sector suffers from the overvalued US currency. Indirectly, this indicates an increase in the US trade deficit to $47.1 billion for February. The current adjusting growth of the dollar against the franc may be limited by resistance level of 0.9670.
The current adjustment of the dollar against the franc will be briefing
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