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USDCHF: Short position moves down

2022-11-24
1241
Fundamental analysis:


The USD/Swiss franc remained volatile around 0.94193. At present, the Federal Fund Futures expects the Federal Reserve to raise interest rates by at least 50 basis points at its December meeting, but the possibility of raising interest rates by 75 basis points for the fifth time in a row is less than 25%.



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




Technical analysis:

The 4-hour chart shows that the bearish power keeps moving downward, the market as a whole is in a downward trend, the MACD indicator is in a weak position under the 0 axis, and the RSI indicator is in a bearish area under the 50 equilibrium line;

Empty turning point: 0.94409

Pressing: 0.94860, 0.95253

Support: 0.93818, 0.93459

Trading strategy: bearish at 0.94409, target 0.93818, 0.93459

Alternative strategy: bullish above 0.94409, target 0.94860, 0.95253

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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