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Meirui: rapid decline and shock

2022-06-17
988
Fundamental analysis:

The US dollar remained volatile against the Swiss Franc near 096611. The Swiss central bank raised its policy interest rate from -0.75% to -0.25%, which was the first interest rate adjustment in seven years. Market expectations remained unchanged.


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




Technical comments: the high short power continued the rapid decline near the brin zone index. After the low power reached the node near 0.96304, the short-term short power showed signs of continuing to maintain the low-level weakness. The brin zone index continued to open its mouth. The MACD index was in the strong decline in the short area, and the RSI index was in the low-level consolidation after the continuous decline in the short area;


Multi empty turning point: 0.96801


Pressing position: 0.97146, 0.97471


Support position: 0.96264, 0.95868


Trading strategy: bearish below 0.96801, target 0.96264, 0.95868


Alternative strategy: bullish above 0.96801, target 0.97146, 0.97471


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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