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Meirui: shock downward

2022-06-30
1364
Fundamental analysis:


USD / CHF remained volatile around 0.95415. The Swiss central bank had previously made it clear that it hoped that the currency would strengthen rather than weaken to offset imported inflation. And if the Swiss Franc depreciates, it is also possible for the Swiss central bank to sell foreign currencies and buy the Swiss franc.



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




Technical analysis:


According to the 4-hour chart, the bearish power continued to move downward in the middle and lower rail section of the Bollinger belt index channel, repeatedly spied the nodes of the middle and lower rail section, and the bearish downward movement was in good condition. The MACD index was weak at the lower side of the 0 axis, and the RSI index was hovering at the lower side of the 50 equilibrium line;


Multi empty turning point: 0.95713


Pressing position: 0.95968, 0.96296


Support position: 0.95089, 0.94840


Trading strategy: bearish below 0.95713, target 0.95089, 0.94840


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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