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Worried about the Fed's enthusiastic interest rate hike, the dollar continued to rise against the Swiss Franc

2022-06-14
961
Fundamental analysis:

On Monday (June 13), after the sharp sell-off of the U.S. stock market last Friday, the market sentiment turned to panic. The previous data showed that the U.S. consumer price index rose by 8.6% in May, the largest increase since 1981, raising concerns about the 75 basis points interest rate hike at the Federal Reserve meeting this week.

USDCHF daily chart:


Technical analysis: the daily moving average is arranged in a long line, and the exchange rate continues to rise slightly. MACD operates near the 0 axis and the volume can increase slightly on the 0 axis. RSI rises rapidly, and it is expected that the short-term exchange rate will rise further.

Multi empty turning point: 0.9730

Pressing bit: 0.9870 1.0000

Support position: 0.9600 0.9480

Trading strategy: bullish above 0.9730, target 0.9870, 1.0000

Alternative strategy: bearish below 0.9730, target 0.9600, 0.9480


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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