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Tue, Feb 20, 2024

USDCHF starts to fall as USD becomes too weak due to Corona cases
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USDCHF Analysis for sell trade signal

United states hold No.1 Rank in Coronavirus cases and deaths (click here to see). USDCHF sell signal is better to make profit from this situation.

As this affecting the US Economy more, Lock down happened everywhere around the country.

Fed need to make more corrections to stabilize US Economy from this covid-19 impact.

Fundamental economic news driving the market now. However, USD/CHF comes under the technical analysis too.

USD/CHF starts to fall in a Downtrend Range now.

US economy is getting so worse day by day, we can expect USD to get weak until the positive result comes from US.

On Sunday, Saudi Arabia and Russia Ended their oil price war by making the biggest oil production cuts in history, following pressure from US president Donald Trump to support the energy industry at this coronavirus pandemic.

A big hope given to US oil and brent oil for moving up.  Thousands of jobs in Oil industry will be saved by this massive production cut as per Trump tweeted (click here to see trump tweet)

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