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USDCHF: narrow amplitude oscillation moves up

2022-09-21
1138
Fundamental analysis:


The USD/CHF remained volatile at around 0.96395. In August, the real monthly export rate of Switzerland after the quarterly adjustment was 2.1%, and the previous value was -2.90%. The trade account in August was 3.424 billion Swiss francs, with a previous value of 3.585 billion Swiss francs.




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




Technical analysis:


The 4-hour chart shows that the bull drive maintains a narrow range of consolidation and slowly moves upward. In the short term, the weak consolidation starts. The market bull potential remains unchanged. The MACD index hovers on the upper side of the 0 axis, and the RSI index is in the weak consolidation near the 50 equilibrium line;


Empty turning point: 0.96190


Pressing position: 0.96689, 0.96984


Support position: 0.95881, 0.95631


Trading strategy: bullish above 0.96190, target 0.96689, 0.96984


Alternative strategy: bearish below 0.96190, target 0.95881, 0.95631

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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