CM Trade

Download APP to receive bonus

GET

The head of the Swiss central bank called the Swiss Franc a safe haven

2022-05-19
1217
Fundamental analysis:

The US dollar remained volatile near 0.98771 against the Swiss franc. Swiss central bank governor Jordan: the Swiss franc is a safe haven. Despite the impact, prices in Switzerland remained stable. Cryptocurrency has little impact on the Swiss franc, and the Swiss Franc exchange rate is stable


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




Technical comments: the short power continues to fluctuate downward in the middle and lower rail section of the brin belt index channel, and there is a continuous downward trend after the low reaches the node near 0.98589. The brin belt index shows a slow opening trend, the MACD index is under the 0 axis, the short area is constantly fluctuating downward, and the RSI index is under the 50 equilibrium line to maintain a weak shock downward;


Long short turning point: 0.98922


Pressing bit: 0.99408, 0.99908


Support position: 0.98331, 0.97846


Trading strategy: bearish below 0.98922, target 0.98331, 0.97846


Alternative strategy: bullish above 0.98922, target 0.99408, 0.99908


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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More