August 24, 2020
Swiss economic recovery may slow down
The upward movement of this currency pair signifies the weakening of the Swiss franc against the US dollar. Industrial production in Switzerland fell by 8.6% in the second quarter of this year. The current SNB rate is -0.75% since January 2015. SNB representatives have previously expressed dissatisfaction with the excessive strengthening of the Swiss franc. The Fed’s rate is positive and equals 0.25%. The Fed’s July briefing raised doubts about the need to maintain a monetary policy that is too lenient. Of course, the Fed’s rate hike was not discussed, but the very fact of such concerns supported the US dollar index.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Buy | |
| MACD | Buy | |
| MA(200) | Neutral | |
| Fractals | Neutral | |
| Parabolic SAR | Sell | |
| Bollinger Bands | Neutral |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 0.92 |
| Stop loss | Below 0.9 |
Market Analysis provided by IFCMarkets.com
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