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USDCHF: Move up low position sorting

2022-11-18
493
Fundamental analysis:


The US dollar remained volatile against the Swiss franc at 0.95,167. Switzerland's trade account in October recorded 4.14 billion Swiss francs, the largest surplus since February 2022.


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




Technical analysis:

The 4-hour chart shows that the low bulls' momentum has kept sorting and moving upward, short-term bullish sentiment has begun to emerge, market bulls have started to enter the market, MACD indicators are in the short positions and moving upward, and RSI indicators are in the weak position hovering near the 50 equilibrium line;

Empty turning point: 0.94947

Pressing: 0.95635, 0.96104

Support: 0.94360, 0.93774

Trading strategy: bullish above 0.94947, target 0.95635, 0.96104

Alternative strategy: bearish at 0.94947, target 0.94360, 0.93774

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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