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USDCHF: Low level wandering

2022-11-15
1095
Fundamental analysis:


The US dollar/Swiss franc remained volatile around 0.94285, and US inflation was slowing down, so the Federal Reserve saw the expected effect. It may be reasonable to slow down a bit, but the Federal Reserve would rather make the mistake of excessive interest rate increase than suspend it prematurely.



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




Technical analysis:


The 4-hour chart shows that the short sellers' power remains low and weak. In the short term, there is a sign that they will continue to remain low and hover. The market as a whole is still in a weak position. The MACD index is in the low position of the short sellers' region and the RSI index is in the low position of the short sellers' region;


Empty turning point: 0.94423


Pressing: 0.94756, 0.95228


Support: 0.93774, 0.93291


Trading strategy: bearish at 0.94423, with targets of 0.93774 and 0.93291


Alternative strategy: bullish above 0.94,423, target 0.94,756, 0.95,228

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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