USDCHF Analysis: Consumer prices deflation in Switzerland bullish for USDCHF

May 5, 2020

By IFCMarkets

Consumer prices deflation in Switzerland bullish for USDCHF

Switzerland’s consumer prices deflated in April: the Consumer Price Index declined 0.4% in April after 0.1% increase in March, when a 0.1% decline was expected. This is bullish for USDCHF.

Indicator VALUE Signal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

 

Summary of technical analysis

Order Buy
Buy stop Above 0.9721
Stop loss Below 0.9646

Market Analysis provided by IFCMarkets