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USDCHF: low volatility

2022-11-25
476
Fundamental analysis:
The USD/CHF fluctuated around 0.94317. Affected by the conflict between Russia and Ukraine and the failure to reach an electricity agreement with the EU, Switzerland announced multiple measures to deal with power shortages, including restrictions on heating temperature, store opening hours, washing machine temperature, etc., at 23:00 every day Advertising lighting is prohibited until 5:00 am the next day. This policy will be implemented in stages and does not exclude possible prohibitions on business activities, sports and cultural events.


USDCHF USDCHF - 4-hour K-line chart shows:



A brief technical analysis:
From the 4-hour chart: the bearish momentum continues to oscillate downward, the low level is narrowly arranged, and it continues to move downwards in the short term. The MACD indicator is arranged in the bearish area, and the RSI indicator is in a weak position below the 50 equilibrium line;
Long and short turning point: 0.94408
Suppression: 0.94860, 0.95254
Support: 0.93818, 0.93459
Trading strategy: bearish below 0.94408, target 0.93818, 0.93459
Alternative strategy: bullish above 0.94408, target 0.94860, 0.95254

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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