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USDCHF: The bulls continue to attack
2022-09-19
1105
Fundamental analysis:
On Friday (September 16), the US dollar index continued to rise strongly. Good US economic data, high inflation and hawkish expectations of the Federal Reserve all supported the US dollar. In addition, worries about the global economic recession also supported the US dollar.
USDCHF Daily Chart
Technical analysis:
The daily chart shows that the short-term exchange rate continues to rise slightly. The MACD operates near the 0 axis and the volume can be increased slightly. The RSI rises slightly. It is expected that the short-term exchange rate will further rise.
Empty turning point: 0.9600
Pressing position: 0.9800 1.0000
Support position: 0.9400 0.9200
Trading strategy: bullish above 0.9600, target 0.9800, 1.0000
Alternative strategy: bearish below 0.9600, target 0.9400, 0.9200
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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