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Swiss Franc may face seasonal trend adjustment

2022-06-08
913
Fundamental analysis:

The USD / Swiss Franc fluctuated around 0.97177. A study on the performance of the USD / Swiss Franc in June every year since 2000 shows that in 16 of the past 22 years, the USD / Swiss Franc fell in June, accounting for 73% of the time. However, seasonal factors should not be considered in isolation. They are a useful tool only when they are confirmed by other factors.


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




Technical comments: the low-level bull power continued to fluctuate and rise near the upper rail of the Bollinger belt index. After the high level reached the node near 0.97786, the shock retreated. The short-term bull power continued to pull upward. The Bollinger belt index continued to open its mouth. The MACD index was in the process of fluctuating and rising in the bull region, and the RSI index was in the process of fluctuating and moving up in the bull region;


Multi empty turning point: 0.97004


Pressing position: 0.97481, 0.97857


Support position: 0.96680, 0.96355


Trading strategy: bullish above 0.97004, target 0.97481, 0.97857


Alternative strategy: bearish below 0.97004, target 0.96680, 0.96355


The above analysis is a personal point of view and is for reference only.

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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