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USDCHF: High level wide amplitude oscillation moves up
2022-10-20
1159
Fundamental analysis:
The US dollar remained volatile against the Swiss franc at 1.00230. The Federal Reserve released the minutes of its August September discount rate meeting: two local central banks requested to raise the discount rate by 50 basis points, the Minneapolis Federal Reserve hoped to raise the discount rate by 100 basis points, and nine local central banks requested to raise the discount rate by 75 basis points.
USD/CHF USDCHF - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the bulls' power has risen rapidly at a high level. In the short term, it is in the trend of high and wide shocks. The market is bullish. The MACD index is in the upper side of the 0 axis and the RSI index is in the 50 equilibrium line. The market is weak;
Empty turning point: 1.00114
Pressing: 1.00456, 1.00698
Support: 0.99905, 0.99684
Trading strategy: bullish above 1.00114, target 1.00456, 1.00698
Alternative strategy: 1.00114 lower bearish, target 0.99905, 0.99684
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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