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USDCHF: High bit wide range finishing

2022-10-13
1155
Fundamental analysis:


The USD/Swiss franc remained volatile around 0.99687. The future interest rate increase of the Federal Reserve continued to support the USD since 2021. The risk of market fragility may continue to move up the Swiss franc.



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




Technical analysis:


The 4-hour chart shows that the bulls' momentum continues to fluctuate and rise, the short-term amplitude space of high position gradually narrows, and the consolidation and translation are maintained. The market bearish sentiment starts to show signs of waiting for opportunities to enter the market. The MACD index is at the high level of the bulls' region, and the RSI index is at the 50 equilibrium line, and the market is weak;


Empty turning point: 0.99769


Pressing: 1.00080, 1.00307


Support: 0.99451, 0.99225


Trading strategy: bearish at 0.99769, target 0.99451, 0.99225


Alternative strategy: bullish above 0.99769, target 1.00080, 1.00307

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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