Elliot_Myers

USD/CHF Trendline Short Setup

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Price has rejected the weekly trend-line with a hammer candle indicating a sell opportunity.

The Swiss has a safe haven status and as this week has a lot of event risk and non farms for the Dollar it is likely that investors will hedge the Swiss as a proxy for Gold against the upcoming risks associated to the Dollar.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.