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Meirui: shock and rise

2022-07-08
1143
Fundamental analysis:


The dollar against the Swiss Franc fluctuated upward to around 0.97150. Under the circumstances of the war between Russia and Ukraine, epidemics and soaring inflation, the dollar against the Swiss Franc remained weak and moved upward. The decision-makers of the Federal Reserve agreed that it was necessary to raise interest rates enough to bring inflation back to the level required by the 2% target set by the Federal Reserve.



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




Technical analysis:


According to the 4-hour chart: the bull power continued to vibrate and pull up the upper rail range in the Bollinger belt index channel, the Bollinger belt index began to close after slowly opening, the MACD index maintained consolidation and translation in the bull region, and the RSI index hovered at a high level in the bull region;


Long short turning point: 0.96979


Pressing position: 0.97427, 0.97813


Support position: 0.96616, 0.96298


Trading strategy: bullish above 0.96979, target 0.97427, 0.97813


Alternative strategy: bearish below 0.96979, target 0.96616, 0.96298

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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