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Meirui: high level retreat and consolidation

2022-07-19
1195
Fundamental analysis:


USD / CHF remained volatile around 0.97719, and inflation will continue to surprise market participants as Fed policymakers sharply raise interest rates.



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




Technical analysis:


According to the 4-hour chart, after the high shock retreated, the consolidation began, the downward trend of short-term short began to weaken, the MACD index was hovering below the 0 axis, and the RSI index was in the consolidation below the 50 equilibrium line;


Multi empty turning point: 0.97842


Pressing position: 0.98116, 0.98420


Support position: 0.97445, 0.97182


Trading strategy: bearish below 0.97842, target 0.97445, 0.97182


Alternative strategy: bullish above 0.97842, target 0.98116, 0.98420

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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