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USDCHF: bulls continue to rise with shock

Fundamental analysis:

The USD / Swiss Franc fluctuated around 0.97552, and the Swiss investor confidence index in August was - 56.3, the previous value was - 57.2. In August, the ZEW Economic Status Index was 24.2, and the previous value was 10.8.

USD Swiss Franc USDCHF - 4-hour K-line chart shows:

Technical analysis:

According to the 4-hour chart, the Bulls' momentum maintains a good momentum of fluctuation and rise, and the short-term bullish sentiment is shrouded. The market bulls have not yet stopped. The MACD index is at the high level of the Bulls' region, and the RSI index is at the 50 balanced online side;

Multi empty turning point: 0.97428

Pressing position: 0.97815, 0.98073

Support position: 0.97170, 0.96904

Trading strategy: bullish above 0.97428, target 0.97815, 0.98073

Alternative strategy: bearish below 0.97428, target 0.97170, 0.96904

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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