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Meirui: bearish shock downward

2022-07-20
1281
Fundamental analysis:


The US dollar remained volatile around 0.96856 against the Swiss franc. The real monthly export rate of Switzerland in June was adjusted to 0.9%, compared with the previous value of 2.40%.



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




Technical analysis:


According to the 4-hour chart, the high short position momentum continues to fluctuate downward, and the short-term decline may continue. MACD indicator is in the short position, and the shock downward movement is maintained, and RSI indicator is in the weak position of the short position;


Long short turning point: 0.96856


Pressing bit: 0.97123, 0.97404


Support position: 0.96414, 0.96153


Trading strategy: bearish below 0.96856, target 0.96414, 0.96153


Alternative strategy: bullish above 0.96856, target 0.97123, 0.97404

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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