USDCHF Bullish Patterns in Play

22 ส.ค. 2021

Jackson Hole Symposium approaches.
The possibility of the FED to start tapering in the markets by October at the latest is gaining strength.
The strongest part of the basket still appears to be the US Dollar.
There is only one issue that can lead the FED to act late reducing asset purchasing is the new coronavirus cases that may cause new lockdowns in the US Economy.
Swiss Franc, along with the Japanese Yen, is in an effort to gain demand due to its safe-haven status.
Due to the increased demand for the Dollar with the early tapering schedule, a strong upward movement can be seen in the USDCHF pair.

Note: Cycle Sniper Daily overview is turned to Bullish above 0.