SIGNAL TERMINATION – USD/CZK LONG – CANCEL
Today, the analysis from 8/19/2020 on the rise of the USD/CZK price is canceled. The market grew as expected, but without the execution of the analysis.
ORIGINAL TEXT: USD/CZK Long. Buy Limit. The US currency is weakening in the medium term. This is attributed to a new wave of quantitative easing, with the Fed printing new money and weakening its currency. An increase in risk aversion and the end of quantitative easing will result in a shift away from and weaker riskier assets, such as the CZK.
Graph source: WebTrader