USDCHF Analysis: Swiss economic recovery may slow down

August 24, 2020

By IFCMarkets.com

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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