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The Federal Reserve raised interest rates by 75 basis points to 1.5%

2022-06-16
917
Fundamental analysis:

The Dow Jones industrial average rose 303.70 points, or 1.00%, to 30668.53. The Federal Reserve raised the benchmark interest rate by 75 basis points to the range of 1.50%-1.75%, the largest increase since 1994.


Dow Jones dj30 - 4-hour K-line chart display:




Technical comments: the short power continued to fluctuate downward in the middle and lower rail section of the Bollinger belt index channel, and began to fluctuate upward after the low level reached the node near 30111. The Bollinger belt index continued to show a closing trend. The MACD index was in the short area, and the low level maintained the concussion and slowly moved upward, and the RSI index was in the short area, and the concussion continued to move upward;


Multi empty turning point: 30598


Pressing position: 30897, 31141


Support position: 30339, 30089


Trading strategy: bullish above 30598, target 30897, 31141


Alternative strategy: bearish below 30598, target 30339, 30089


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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