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USDCHF: Bulls rise

2022-11-01
1145
Fundamental analysis:


The USD/CHF remained volatile around 0.99904. The annual rate of actual retail sales in Switzerland in September recorded 3.2%, a previous value of 3.00%. It is the largest growth rate since February 2022.



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




Technical analysis:


The 4-hour chart shows that the bulls' momentum has maintained a good upward trend of shock, and short-term bullish sentiment is shrouded. The market bulls continue to move upward. The MACD index moves up the 0 axis and the RSI index moves up the 50 equilibrium line;


Empty turning point: 0.99790


Pressing: 1.00155, 1.00383


Support: 0.99562, 0.99329


Trading strategy: bullish above 0.99790, target 1.00155, 1.00383


Alternative strategy: bearish below 0.99790, target 0.99562, 0.99329

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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