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

InvestMacro

Share
Published by
InvestMacro

Recent Posts

Gold (XAU/USD) Faces Persistent Selling Pressure

By Analytical Department RoboForex Gold (XAU/USD) fell to 4,174 USD per troy ounce on Wednesday,…

5 hours ago

The US technology sector once again came under a wave of selling

By JustMarkets  By the end of the day, the Dow Jones Index (US30) rose by…

5 hours ago

5 ways data centers endanger their local communities and the country as a whole

By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George…

1 day ago

China has shifted to using its own strategic oil reserves

By JustMarkets  On Monday, the US stock indices showed mixed dynamics, with the technology sector…

1 day ago

GBP/USD Remains Under Pressure Despite Attempts to Recover

By Analytical Department RoboForex GBP/USD attempted to move closer to 1.3350 on Tuesday but remained…

1 day ago

SpaceX IPO: Set for $75 billion liftoff

By ForexTime  SpaceX IPO scheduled for Friday 12th June  $75 billion capital raise forecast –…

2 days ago

This website uses cookies.