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Meirui: bears continue to decline

2022-06-29
1328
Fundamental analysis:


The USD / Swiss Franc remained volatile around 0.95627. The Fed's action will exacerbate the "extremely skewed" supply and demand imbalance in the money market. At present, the gap between supply and demand imbalance in the money market is about US $1.5 trillion. It is estimated that the balance of overnight RRP instruments of the Federal Reserve may remain above US $2trillion in the rest of 2022.



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




Technical analysis:


According to the 4-hour chart, the short power continued to fluctuate downward in the lower rail section of the Bollinger belt index channel, the Bollinger belt index showed a good downward trend, the MACD index remained in the short area, and the RSI index hovered in a narrow range below the 50 equilibrium line;


Multi empty turning point: 0.95713


Pressing position: 0.95968, 0.96296


Support position: 0.95300, 0.95089


Trading strategy: bearish below 0.95713, target 0.95300, 0.95089


Alternative strategy: bullish above 0.95713, target 0.95968, 0.96296

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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