CM Trade

Download APP to receive bonus

GET

USDCHF: low move down

2023-01-18
954
Fundamental analysis:

USD/CHF remained volatile around 0.92183, with the World Bank last week downgrading growth forecasts for many countries in 2023 to near-recession levels as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues and the world's major economies The engine stalled.

US dollar Swiss franc USDCHF - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum continues the downward trend and continues to fluctuate downward. The short-term short-term situation is good, and the market as a whole is in a weak downward trend; the MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line.

Long-short turning point: 0.92243

Suppression: 0.92393, 0.92535
Support: 0.92037, 0.91887

Trading strategy: bearish below 0.92243, target 0.92037, 0.91887
Alternative strategy: Bullish above 0.92243, target 0.92393, 0.92535

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More