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USDCHF: High level vibration moves down

2022-10-19
1133
Fundamental analysis:


The US dollar remained volatile against the Swiss franc at 0.99373, and Switzerland is considering whether to implement more extensive EU sanctions against Iran. Credit Suisse may raise funds after October 27. Credit Suisse is negotiating with Royal Bank of Canada and Morgan Stanley about possible capital increase.



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




Technical analysis:


The 4-hour chart shows that the momentum of high short positions remains volatile and downward, and the short-term decline may continue. Short positions emerge in the market. MACD indicators are weak and hovering below the 0 axis, and RSI indicators are weak and finishing below the 50 equilibrium line;


Empty turning point: 0.99428


Pressing: 0.99672, 0.99923


Support: 0.99153, 0.98952


Trading strategy: bearish at 0.99428, target 0.99153, 0.98952


Alternative strategy: bullish above 0.99428, target 0.99672, 0.99923

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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