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International organizations have sounded warnings about the health of the global economy

2022-06-10
952
Fundamental analysis:

The USD / Swiss Franc remained volatile around 0.98031, and international organizations have sounded warnings about the health of the global economy. On Tuesday, the world bank cut its economic growth forecast for 2022 by nearly one third and warned that the risk of stagflation was rising, which provided some support for the safe haven Swiss franc.


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




Technical comments: the low-level bull power continues to move up the upper rail range in the Bollinger belt index channel. After the high level reaches the node near 0.98171, the short-term bull upward movement trend may continue. The Bollinger belt index continues to move up in the closing trend. The MACD index is in the high level of the bull region and maintains the consolidation and translation, and the RSI index is in the narrow range of the bull region;


Multi empty turning point: 0.97897


Pressing position: 0.98384, 0.98709


Support position: 0.97542, 0.97238


Trading strategy: bullish above 0.97897, target 0.98384, 0.98709


Alternative strategy: bearish below 0.97897, target 0.97542, 0.97238


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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