USDCHF Analysis: Improving Swiss trade balance bearish for USDCHF

April 22, 2020

By IFCMarkets

Improving Swiss trade balance bearish for USDCHF

Swiss trade surplus rose in March: the trade surplus reached 4.02 billion francs from 3.54 in February, when a decline to 3.23 billion was expected. This is bearish for USDCHF.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelSell
MA(200)Buy
FractalsSell
Parabolic SARSell

 

Summary of technical analysis

OrderSell
Buy stopBelow 0.9668
Stop lossAbove 0.9705

Market Analysis provided by IFCMarkets