Source: PaxForex Premium Analytics Portal, Technical Insight
Between April and June, the number of vacancy announcements fell by 27%, the recruitment firm Adecco Switzerland said on Tuesday. Anna von Ow, a research fellow at the University of Zurich who worked on the report, said that this time we are dealing with a drop in new vacancies, which is much worse than during previous crises, including the 2008-2009 financial crisis, when the impact was less sudden.
USD/CHF, 30 min
Pivot: 0.9480
Analysis:
Provided that the currency pair is traded below 0.9495, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.9480
- Take Profit 1: 0.9470
- Take Profit 2: 0.9460
Alternative scenario:
In case of breakout of the level 0.9495, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.9495
- Take Profit 1: 0.9510
- Take Profit 2: 0.9525
Comment
RSI shows the possibility of a downtrend momentum.
Key levels:
Resistance | Support |
0.9525 | 0.9470 |
0.9510 | 0.9460 |
0.9495 | 0.9445 |
USD/CHF, D1
Pivot: 0.9465
Analysis:
While the price is below 0.9550, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.9465
- Take Profit 1: 0.9375
- Take Profit 2: 0.9255
Alternative scenario:
If the level 0.9550 is broken-out, follow the recommendations below.
- Time frame: D1
- Recommendation: long position
- Entry point: 0.9550
- Take Profit 1: 0.9650
- Take Profit 2: 0.9770
Comment:
RSI shows the development of a downtrend in the medium-term.
Key levels:
Resistance | Support |
0.9770 | 0.9375 |
0.9650 | 0.9255 |
0.9550 | 0.9175 |