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USDCHF: Shock down

2023-01-16
984
Fundamental analysis:
USD/CHF remained volatile around 0.92684. At the invitation of Schwab, founder and executive chairman of the World Economic Forum, and the Swiss Federal Government, Vice Premier Liu He of the State Council will attend the 2023 Annual Meeting of the World Economic Forum from January 15 to 19. Visit Switzerland.

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



Brief technical analysis:

Looking at the 4-hour chart: The short-term momentum of the market maintains a wide range of shocks and moves slowly downward. In the short term, it is in a short-term downward trend. The market as a whole is in a weak position. The MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is hovering weakly near the 50 balance line;
Long-short turning point: 0.92739

Compression: 0.92902, 0.93055
Support: 0.92539, 0.92404

Trading strategy: bearish below 0.92739, target 0.92539, 0.92404
Alternative strategy: Bullish above 0.92739, target 0.92902, 0.93055

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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