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CHFCNY

CHFIDR 27th APRIL 2022The Swiss Franc came under pressure from the Dollar, Euro and others in the mid-week session but would potentially be left at growing risk of further declines over subsequent weeks if the ECB toward a normalised monetary policy. Meanwhile, Rupiah strengthened because the US dollar was under pressure from market concerns about future global economic growth due to the spread of the corona virus in China. While the US central bank's monetary policy, The Federal Reserve is likely to remain aggressive. It is feared that this will depress the pace of the global economy. CHFCNY D1
Short
by DNP-FX
Updated
22
End of the ride for CHFCNYSuspecting a pivot here, and awaiting 100% confirmation virtually. Post confirmation I am even more confident to call this thing going South. Preliminarily bearish. Goals are in purple, invalidation in red. And ofcourse, as always, do not take anything I say, including this update, as financial advice. I may be scoring 70-75% success on my predictions, but this does not mean you should listen to what I say. In any case, do you own research always!
Short
by Rykin_Capital

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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