Consumer Confidence for US

Trading Discussion Currencies
1

Hi Guys,

New to the site, it’s my first post here! :slight_smile:

Looking at Switzerland Retail Sales economic indicator for today.

My Thoughts on this:

Swiss could be in a for short term bearish move with the Retail Sales economic indicator due to come out 6:30GMT today. We already have a bearish consensus on both ForexFactory and FXStreet economic calendars suggesting that we could be in for a short term weak CHF.

Possible entry area for the sell could be 107.750

Possible target area could be at the 108.000

Fundamentals to keep an eye out are Consumer confidence and Housing Starts for Japan. For Swiss economy the major indicator is the Retail Sales.

Short Video:

2

Hey Guys, this was a nice trade with a good risk to reward.

Did a short video on the post trade analysis.