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Meirui: continuous shock and upward movement

2022-07-07
1106
Fundamental analysis:


The USD / CHF remained volatile around 0.97015. The growth of business activities in the euro zone slowed sharply in June, and risk aversion was widespread in the market. Sharp fluctuations have also heated the Swiss franc's risk aversion.



USD CHF USDCHF - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the bull power continues to fluctuate and rise near the upper rail of the Bollinger belt index channel, and there is no sign of the final stop of the short-term bull pull-up trend. The Bollinger belt index continues to open its mouth, the MACD index is in the bull area to maintain consolidation, and the RSI index is in the lower side of the high overbought area of the bull area to consolidate;


Multi empty turning point: 0.96813


Pressing position: 0.97427, 0.97813


Support position: 0.94392, 0.96017


Trading strategy: bullish above 0.96813, target 0.97427, 0.97813


Alternative strategy: bearish below 0.96813, target 0.94392, 0.96017

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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