Forex Daily Analysis : 27 May 2021 - Strong Dollar Weakens Swiss Franc

Forex daily analysis on May 27, 2021 today, for the USDCHF market movement, it is expected to continue its weakness. The weakening of the Swiss Franc currency compared to the US Dollar is caused by the strengthening of the United States currency. Pressure on the Swiss Franc currency also occurred as a result of the sell-off carried out by market participants. It is estimated that the weakening of the Swiss Franc is only temporary, this is according to the analysts' view that the strengthening of the US Dollar has still not found the right moment and will not take place sustainably. The weakening of the US dollar stopped for a moment, after tapering resurfaced. The strengthening of the US dollar currency is supported by speculation that the Federal Reserve (The Fed) will slowly but clearly agenda discussions regarding the possibility of taking monetary policy measures. In addition, the focus of market participants this week is on the release of inflation data on Friday tomorrow. It resurfaced regarding the tapering that will be carried out by the US Central Bank The Fed, after the comments of one of the Fed officials from the state Richard Clarida. In the prediction this week, Fed officials will not talk too much about the inflation rate. However, it is possible that these Fed officials will again invite speculation that it may not be long before the Fed discusses the possibility of interest rate changes. One of the triggering factors is the post-release of data in mid-May which illustrates that the CPI (Customer Price Index) inflation data was released at 4.2% due to the Covid-19 pandemic, but was released above the prediction of only 3.6%.

Forex Daily Analysis Predictions

Today's FOREX prediction on the USDCHF pair is expected to weaken/rise and the recommended OP (Open Position) is BUY at the level of 0.89900. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points. This the daily forex analysis on May 27, 2021 which discusses the causes of the weakening of the Swiss Franc against the US Dollar. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.