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USDCHF: Low down

2022-11-14
1074
Fundamental analysis:


The USD/CHF remained volatile around 0.94044. Maechler, an official of the Swiss Central Bank, said that it was "not impossible" to raise interest rates further. Inflation is too high. Inflation is far from the central bank's goal. Long term inflation expectations are fairly stable.


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




Technical analysis:


The 4-hour chart shows that the short position continues to decline, and the short-term decline has not stopped. The short position in the market is good. The MACD indicator is in the low position in the short position area and the RSI indicator is in the low position in the short position area and hovers;


Empty turning point: 0.94270


Pressing: 0.94756, 0.95228


Support: 0.93607, 0.93162


Trading strategy: bearish at 0.94270, target 0.93607, 0.93162


Alternative strategy: bullish above 0.94270, target 0.94756, 0.95228

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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