USDCHF Analysis: US trade deficit decline bullish for USDCHF

March 27, 2020

By IFCMarkets

US trade deficit decline bullish for USDCHF

United States goods trade deficit fell in February: it dropped to $59.9 billion from $65.9 billion in January, when a decline to $64.5 billion was forecast. This is bullish for USDCHF.

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

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.9644
Stop lossBelow 0.9585

Market Analysis provided by IFCMarkets