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.

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

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.9721
Stop lossBelow 0.9646

Market Analysis provided by IFCMarkets