CM Trade

Download APP to receive bonus

GET

USDCHF: Bulls or further upside

2022-08-28
1209
Fundamental analysis:

Powell warned on Friday that Americans will enter a painful period of sluggish economic growth and a possible rise in unemployment as the Federal Reserve raises interest rates to fight inflation at 40-year highs, in his most blunt language yet. The challenges the U.S. economy will face.

USD/CHF USDCHF daily chart


A brief technical analysis:

From the daily chart: the short-term exchange rate continues to be strong, the MACD is running near the 0-axis but the kinetic energy is insufficient near the 0-axis of volume and energy, and the RSI is slightly higher.

Long and short turning point: 0.9600

Suppression bit: 0.9800 1.0000

Support level: 0.9400 0.9200

Trading strategy: bullish above 0.9600, target 0.9800, 1.0000

Alternative strategy: bearish below 0.9600, target 0.9400, 0.9200

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