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USDCHF: High level oscillation moves up

2022-10-14
1151
Fundamental analysis:


The USD/CHF remained volatile around 0.99794. The monthly rate of Swiss producer/import price index in September was 0.2%, the previous value was -0.10%.



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




Technical analysis:


The 4-hour chart shows that the high bulls' power kept moving up after the huge earthquake, and short-term bullish sentiment began to emerge constantly. The MACD index remained in the bulls' area and maintained its consolidation and translation, while the RSI index remained in the 50 balanced online side and hovered in the weak side;


Empty turning point: 0.99769


Pressing: 1.00080, 1.00307


Support: 0.99451, 0.99225


Trading strategy: bullish above 0.99769, target 1.00080, 1.00307


Alternative strategy: bearish at 0.99769, with targets of 0.99451 and 0.99225

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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