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USDCHF: Wide amplitude vibration

2022-11-02
1067
Fundamental analysis:


The dollar remained volatile against the Swiss franc at 0.99717. The Swiss consumer confidence index in the fourth quarter recorded -46.6, expected to be -42.5, and the previous value was -41.7. It is the lowest value since records.


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




Technical analysis:


The 4-hour chart shows that the short sellers' power has retreated in shock, and there are signs of continuing to maintain the consolidation trend in the short term. The MACD index is at the top of the 0 axis, and the RSI index is at the top of the 50 balanced line, and the line side is weak;


Empty turning point: 0.99791


Pressing: 1.00007, 1.00224


Support: 0.99505, 0.99329


Trading strategy: bearish at 0.99791, target 0.99505, 0.99329


Alternative strategy: 0.99,791 upside bullish, target 1.00,007, 1.00,224

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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