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USDCHF: Multi head ladder up

2022-10-10
815
Fundamental analysis:


The US dollar remained volatile against the Swiss franc at 0.99480. Switzerland's quarterly adjusted unemployment rate in September was 2.1%, expected to be 2.10%, and the previous value was 2.10%.



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




Technical analysis:


The 4-hour chart shows that the bulls' momentum is moving up in a step by step manner, and the short-term bullish sentiment continues. The early high is just around the corner, and it is about to break. There is a further upward trend. The MACD index is in the bulls' area, and it maintains consolidation and upward movement, while the RSI index is in the 50 balanced online weak side, and upward movement;


Empty turning point: 0.99419


Pressing: 0.99723, 0.99987


Support: 0.99167, 0.98940


Trading strategy: bullish above 0.99419, target 0.99723, 0.99987



Alternative strategy: bearish at 0.99419, target 0.99167, 0.98940


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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