USDCHF Analysis: Lower than expected inflation bullish for USDCHF

June 5, 2020

By IFCMarkets

Lower than expected inflation bullish for USDCHF

Switzerland’s consumer prices remained unchanged in May: the consumer price index remained unchanged over month in May after 0.4% decline in April, when an 0.1% increase was expected. This is bullish for USDCHF.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelNeutral
MA(200)Sell
FractalsNeutral
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.9587
Stop lossBelow 0.9541

Market Analysis provided by IFCMarkets