The daily forex analysis of April 23, 2021 will discuss the movement of USDCHF in market trading yesterday, Thursday April 22, 2021 moving weaker against the US Dollar. The weakening of the Swiss Franc is due to pressure on the Swiss currency. In addition, the weakening of the Swiss Franc was also caused by a limited strengthening in the US Dollar. For today's market movement, Friday, April 23, 2021 in the Asian session in the Swiss Franc is predicted to still weaken compared to the US Dollar. The strengthening of the dollar currency was supported by the release of positive weekly jobless claims data. Although the USDCHF pair is rarely chosen by traders to transact, the movement of this currency is quite active, especially if it enters the American market.

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The US Dollar currency had moved stronger compared to other major currencies in Thursday's trading. The strengthening of the US dollar is supported by the good release of weekly jobless claims data. This unemployment data helped the US dollar from its weakness which had been at its lowest level for quite some time. The number of people claiming job losses with this Weekly report released at 547K, lower than the previous week's predictions and data of 607K and 586K.

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On Friday at the end of this market trading week, it is estimated that the condition of the US dollar currency is still in a depressed or weakened condition against other major currencies. The weakening of the US Dollar continued for approximately 6 weeks. The weakening of the dollar follows the decline in the yield value of bonds with a tenor of 10 years. The decline in the US dollar began at the end of last March. When entering 2021, the movement of US bond yields with long-term tenors is in line with the movement of the US Dollar. On the other hand, market participants are currently predicting what policies and steps will be taken by the chairman of the US Central Bank of the Fed, Jerome Powell, next week. It is estimated that Powell will still maintain his previous policy. In addition, it is expected that Powell will also imitate the words of European Central Bank (ECB) chairman Lagarde, where Lagarde said that tapering is too early to do. Regarding the increasingly aggressive Covid-19 vaccination program and the improving chances of the American economic level rebounding from its fall, are supporting factors for the strengthening of the US Dollar. However, regarding the growing issue in the market regarding the delay in tapering by the Fed, it will weigh on the movement of the US Dollar in the future.

Forex Daily Analysis Predictions Chart USDCHF analisa harian 23-04-2021

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 0.91800. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
Preference BULLISH
Target Profit 1 0,91900
Target Profit 2 0,92000
Stop Loss 1 0,91750
Stop Loss 2 0,91700
Thus the daily analysis of forex on April 23, 2021. Keep Money Management and Risk Management a priority in your trading.

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