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USDCHF: High level vibration

2022-10-21
1064
Fundamental analysis:


The dollar remained volatile against the Swiss franc at 1.00171. In September, the real monthly rate of Swiss exports after the quarterly adjustment was 0.4%, the previous value was 2.10%. Switzerland's trade account in September was 4.003 billion Swiss francs, with a previous value of 3.424 billion Swiss francs.



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



Technical analysis:


The 4-hour chart shows that the bullish power is surging, the high price is narrow, the market is still bullish, the MACD index is at the top of the 0 axis, and the RSI index is at the 50 equilibrium line, and the market is weak;


Empty turning point: 1.00171


Pressing: 1.00482, 1.00698


Support: 0.99985, 0.99772


Trading strategy: 1.00171 upward bullish, target 1.00482, 1.00698


Alternative strategy: 1.00171 bearish, target 0.99985, 0.99772

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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