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Inflation continues to deteriorate and the Swiss Franc continues to move up

2022-06-09
900
Fundamental analysis:

The USD / CHF remained volatile around 0.97816. The US inflation report in May may may show that inflation has not yet slowed down. Wall Street will need to wait for more inflation reports before it can be confident to make a decision on when the Federal Reserve may change its tightening policy. The Swiss franc's low level continued to rise.


USD CHF USDCHF - 4-hour K-line chart display:




Technical comments: the low-level bull power continued the strong pull-up near the upper rail of the Bollinger belt index. After the high-level reached the node near 0.97887, the short-term bull power continued to climb. The Bollinger belt index continued to pull up in a closing trend. The MACD index was in the bull region to maintain the consolidation and translation, and the RSI index was in the bull region to maintain the narrow consolidation;


Multi empty turning point: 0.97643


Pressing position: 0.98181, 0.98567


Support position: 0.97268, 0.96993


Trading strategy: bullish above 0.97643, target 0.98181, 0.98567


Alternative strategy: bearish below 0.97643, target 0.97268, 0.96993


The above analysis is a personal point of view and is for reference only.

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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