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USDCHF: high range oscillation moves up

2022-09-07
999
Fundamental analysis:


The USD / CHF fluctuated around 0.98349. Affected by the situation in Ukraine, Switzerland may face a shortage of natural gas and power this winter. It is recommended that the government, enterprises and people take measures to deal with the risk. Although the Swiss government is making efforts to improve the power production and reserve capacity this winter, this is not enough to deal with the risk, and more measures need to be taken.



US Dollar Swiss Franc (USDCHF) - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the high-level range fluctuates widely, the Bulls' momentum continues to move upward, the short-term bullish mood is shrouded, the MACD index is in the Bulls' region to maintain the volatility, and the RSI index is in the 50 equilibrium line side weak hovering;


Long and short turning point: 0.98224


Pressing position: 0.98558, 0.98763


Support position: 0.98013, 0.97794


Trading strategy: bullish above 0.98224, targeting 0.98558, 0.98763


Alternative strategy: bearish below 0.98224, target 0.98013, 0.97794

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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