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:

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: