USDCHF Moves Up 20 Pips Traders Await US Core Cpi

08/08/22 As far as economic events for today and yesterday there is not much happening for important events and reports. On Wednesday (New York time) the US will release Core Cpi data that will bring a lot of volatility to the foreign exchange market. Today I am not seeing any great trades happening in the fx space. Perhaps USDCHF might get a long later tonight but it is not the best trade volatility has been within neutral range it seems. Later in the week we can see some better trades perhaps as the start of the week has been slightly slow except for the USDJPY short yesterday which had some profit during the early New York session. I was looking for a 4 hour long on USDCHF but the 2 hour chart is showing some selling pressure as I am getting some short signals now, a 2 hour signal that was a long signal and is now turning into a short signal does not seem like the best trade, perhaps the 3 or 4 hour might turn bullish later but it might not be till the New York session.

Update: Usdchf saw a 4 hour long signal and has sinc3 moved up 20 pips at the high so far.

Ilyas Khan Top1Markets

Trade closed manually:

1 hour looking bearish