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Western sanctions against Russia failed to achieve their goal
2022-06-07
870
Fundamental analysis:
The USD / Swiss Franc fluctuated around 0.97123. Guy pamlan, member of the Swiss Federal Council and Minister of economic affairs, said in an interview on the 5th that if the purpose of Western sanctions against Russia is to end the Russian Ukrainian conflict as soon as possible, the West has not achieved its goal.
USD CHF USDCHF - 4-hour K-line chart display:
Technical comments: after the low position has been maintained for a long time in a narrow range, the bulls are waiting for the opportunity to enter the site. The Bollinger belt index continues to move upward to near 0.97177 for consolidation. The Bollinger belt index continues to open its mouth. The MACD index moves upward in the bull area above the 0 axis, and the RSI index moves upward in the side above the 50 equilibrium line;
Multi empty turning point: 0.97004
Pressing position: 0.97481, 0.97857
Support position: 0.96680, 0.96355
Trading strategy: bullish above 0.97004, target 0.97481, 0.97857
Alternative strategy: bearish below 0.97004, target 0.96680, 0.96355
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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