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Investors were worried about the economic outlook, and the Swiss Franc fell strongly
2022-05-20
925
Fundamental analysis:
The USD / CHF remained volatile around 0.97014, and investors were anxious about the economic outlook. Despite the devastating inflation and the interest rate hike of the Federal Reserve for more than 20 years, the US labor market has been tight and employment growth has been very hot. However, with the central bank tightening monetary policy, this situation is expected to face cooling; The Swiss Franc fell strongly.
USD CHF USDCHF - 4-hour K-line diagram shows:
Technical comments: the short power continued to fluctuate and descend near the brin zone index, and the low level reached the node near 0.96951. The short-term short power continued to move downward. The brin zone index showed a good opening trend, the MACD index was below the 0 axis, the short area maintained a continuous decline in shock, and the RSI index was below the 50 equilibrium line, and the short area maintained a continuous decline in shock;
Long short turning point: 0.97315
Pressing position: 0.97831, 0.98240
Support position: 0.96572, 0.96072
Trading strategy: bearish below 0.97315, target 0.96572, 0.96072
Alternative strategy: bullish above 0.97315, target 0.97831, 0.98240
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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