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Meirui: the low level continues to decline

2022-07-22
1190
Fundamental analysis:


The USD / CHF remained volatile around 0.96657, the European central bank deposit mechanism interest rate rose from -0.50% to 0%, the main refinancing interest rate rose from 0% to 0.50%, and the marginal lending rate rose from 0.25% to 0.75%. End the eight year negative interest rate policy. The Swiss Franc fluctuated downward.



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




Technical analysis:


According to the 4-hour chart, the short power remained low, moved up in a narrow range, and then moved down again. The market as a whole was still weak. The MACD index was in the short area and maintained consolidation, and the RSI index was below the 50 equilibrium line and moved down in a weak position;


Multi empty turning point: 0.96711


Pressing position: 0.96891, 0.97101


Support position: 0.96484, 0.96326


Trading strategy: bearish below 0.96711, target 0.96484, 0.96326


Alternative strategy: bullish above 0.96711, target 0.96891, 0.97101

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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