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Meirui: weakness moves up and retreats

2022-07-21
1265
Fundamental analysis:


The USD / CHF remained volatile around 0.97082, and the fall of the USD offset the pressure brought by the rise in bond yields. Investors are waiting for the key decision of major central banks to raise interest rates, which may make the outlook for the Swiss Franc clearer.



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




Technical analysis:


According to the 4-hour chart, the short-term momentum fluctuated downward in a stepped manner, and moved downward again after a short-term consolidation and recovery. The MACD index remained weak in the short-term area, and the RSI index was in a narrow consolidation below the 50 equilibrium line;


Multi empty turning point: 0.97132


Pressing position: 0.97404, 0.97607


Support position: 0.96850, 0.96637


Trading strategy: bearish below 0.97132, target 0.96850, 0.96637


Alternative strategy: bullish above 0.97132, target 0.97404, 0.97607

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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