USD/CHF: technical analysis
USD/CHF: technical analysis
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 0.9980 |
| Take Profit | 0.9940 |
| Stop Loss | 1.0000 |
| Key Levels | 0.9899, 0.9930, 0.9962, 0.9989, 1.0013, 1.0039, 1.0065, 1.0093 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 1.0010 |
| Take Profit | 1.0050 |
| Stop Loss | 0.9980 |
| Key Levels | 0.9899, 0.9930, 0.9962, 0.9989, 1.0013, 1.0039, 1.0065, 1.0093 |
USD/CHF, H4
On the 4-hour chart, the instrument was corrected to the moving average of Bollinger bands, which is the key resistance level. The indicator is reversing upwards and the price range is expanding, which indicates a continuation of the upward trend. The MACD histogram is in the positive zone, keeping a poor buy signal. Stochastic does not give a clear signal for opening positions.
USD/CHF, D1
On the daily chart, the instrument is trading at the top of Bollinger bands. The indicator is directed sideways, and the price range is limited, the further dynamics of the pair depends on the break of key support and resistance levels. The MACD histogram is being corrected in the neutral zone. Stochastic entered the oversold area, a strong buy signal can be formed within 1–3 days.
Key levels
Resistance levels: 0.9989, 1.0013, 1.0039, 1.0065, 1.0093.
Support levels: 0.9962, 0.9930, 0.9899.
Trading tips
Short positions can be opened below the level of 0.9985 with the target at 0.9940 and stop loss 1.0000. Implementation period: 1–2 days.
Long positions can be opened above 1.0005 with a target at 1.0050 and stop loss 0.9980. Implementation period: 1–2 days.
On the 4-hour chart, the instrument was corrected to the moving average of Bollinger bands, which is the key resistance level. The indicator is reversing upwards and the price range is expanding, which indicates a continuation of the upward trend. The MACD histogram is in the positive zone, keeping a poor buy signal. Stochastic does not give a clear signal for opening positions.
USD/CHF, D1
On the daily chart, the instrument is trading at the top of Bollinger bands. The indicator is directed sideways, and the price range is limited, the further dynamics of the pair depends on the break of key support and resistance levels. The MACD histogram is being corrected in the neutral zone. Stochastic entered the oversold area, a strong buy signal can be formed within 1–3 days.
Key levels
Resistance levels: 0.9989, 1.0013, 1.0039, 1.0065, 1.0093.
Support levels: 0.9962, 0.9930, 0.9899.
Trading tips
Short positions can be opened below the level of 0.9985 with the target at 0.9940 and stop loss 1.0000. Implementation period: 1–2 days.
Long positions can be opened above 1.0005 with a target at 1.0050 and stop loss 0.9980. Implementation period: 1–2 days.
Post a Comment