Hello guys,
In this video i show the levels that i am watching on this pair. i am looking for shorts on usd chf. My reasoning being , the feds interest cuts this past week in addition to political chaos in the usa and the corona will put downward pressure on usd leaving chf the safe haven as a value option that investors would rather have their money in rather than the usd stock market this week. In addition the Dow & sp500 show downward pressure from a technical perspective further endorsing my fundamental bias of usd weakness.Most of the big companies that push the usd economy upwards have their factories in Wuhan where we know it has been chaos with the Chinese government and WHO trying to curb the spread of the corona virus that has already claimed many lives including those of factory workers and transportation workers that transport products back the states and globally.
In this video i show the levels that i am watching on this pair. i am looking for shorts on usd chf. My reasoning being , the feds interest cuts this past week in addition to political chaos in the usa and the corona will put downward pressure on usd leaving chf the safe haven as a value option that investors would rather have their money in rather than the usd stock market this week. In addition the Dow & sp500 show downward pressure from a technical perspective further endorsing my fundamental bias of usd weakness.Most of the big companies that push the usd economy upwards have their factories in Wuhan where we know it has been chaos with the Chinese government and WHO trying to curb the spread of the corona virus that has already claimed many lives including those of factory workers and transportation workers that transport products back the states and globally.