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USDCHF: High level oscillation moves up
2022-10-11
1159
Fundamental analysis:
The US dollar remained volatile against the Swiss franc at 0.99801. Kiev, the capital of Ukraine, was hit by a missile. The geopolitical situation between Russia and Ukraine remained tense. The market was also worried that further interest rate increases by the US Federal Reserve and most central banks around the world would increase the risk of global economic recession. The Swiss franc's risk aversion was gradually heating up.
USD/CHF USDCHF - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the bulls' momentum remains volatile and upward, the short-term bullish sentiment continues, and the market bulls' trend is good. The MACD index stays in the bulls' region and remains volatile and upward slowly, while the RSI index stays at the high level in the bulls' region;
Empty turning point: 0.99648
Pressing: 1.00080, 1.00307
Support: 0.99363, 0.99099
Trading strategy: bullish above 0.99648, target 0.99363, 0.99099
Alternative strategy: 0.99648 bearish, 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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