- Key interest rate was left at -0.75%;
- The franc remains heavily overvalued;
- The SNB will remain active in the foreign exchange market if necessary;
- The pandemic continues to have a severe adverse effect on the economy;
- Inflation forecast for 2021 0.2% (pre. 0.0%);
- For 2022 0.4% (pre. 0.2%);
- For 2023 0.5%;
- GDP forecast for 2021 2.5% - 3.0%;
- Economic activity should return to pre-crisis levels in the 2nd half of 2021;
- Economic and inflation forecasts still carry a high level of uncertainty.
USD/CHF, 30 min
Pivot: 0.9392
Analysis:
Provided that the currency pair is traded above 0.9380, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.9392
- Take Profit 1: 0.9405
- Take Profit 2: 0.9415
Alternative scenario:
In case of breakdown of the level 0.9380, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.9380
- Take Profit 1: 0.9370
- Take Profit 2: 0.9360
Comment:
RSI shows the possibility of ascending momentum.
Key levels:
Resistance --- Support
0.9450 -------- 0.9380
0.9430 -------- 0.9370
0.9415 -------- 0.9360
USD/CHF, D1
Pivot: 0.9392
Analysis:
While the price is above 0.9210, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.9392
- Take Profit 1: 0.9530
- Take Profit 2: 0.9600
Alternative scenario:
If the level 0.9210 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.9075
- Take Profit 1: 0.9110
- Take Profit 2: 0.9020
Comment:
RSI shows the development of an uptrend in the medium-term.
Key levels:
Resistance -- Support
0.9700 -------- 0.9210
0.9600 -------- 0.9110
0.9530 -------- 0.9020
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