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At the end of the month, the position balance had a great impact, and the US dollar continued to decline against the Swiss franc

2022-05-25
785
Fundamental analysis:

Morgan Stanley foreign exchange analysts John kalamaras, James Lord and Matthew hornbach use a model to measure the absolute performance of the stock market to generate month end exchange rate signals. Most local stock markets weakened in May, suggesting that the dollar should strengthen in the last week.

USDCHF daily chart:


Technical analysis: the daily moving average is arranged in a short position, and the exchange rate continues to decline. MACD runs above the 0 axis, but the volume can continue to shrink significantly on the 0 axis. RSI drops rapidly, and it is expected that the probability of short-term exchange rate will further decline.

Long short turning point: 0.9730

Pressing bit: 0.9870 1.0000

Support position: 0.9600 0.9480

Trading strategy: bearish below 0.9730, target 0.9600, 0.9480

Alternative strategy: bullish above 0.9730, target 0.9870, 1.0000


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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