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USDCHF: bearish downlink

2022-11-23
1091
Fundamental analysis:


The US dollar remained volatile against the Swiss franc at 0.95144, and Federal Reserve officials made more cautious comments overnight. The focus of investors turned to the forthcoming minutes of the Federal Reserve's November meeting to find the path of future interest rate increases.



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




Technical analysis:

The 4-hour chart shows that the bearish power slowly declines, the market as a whole begins to retreat from the weak position, the bearish mood is waiting for an opportunity to enter the market, the MACD indicator is in the weak position around the 0 axis, and the RSI indicator is in the narrow range below the 50 equilibrium line;

Empty turning point: 0.95272

Pressing: 0.92712, 0.96104

Support: 0.94626, 0.94186

Trading strategy: bearish at 0.95272, target 0.94626, 0.94186

Alternative strategy: bullish above 0.95272, target 0.92712, 0.96104

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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