Technical analysis USDCHF for 26.09.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.99500. The closest support is the level 0.98510

Key levels

• 1.00710, 1.00100, 0.99500, 0.98510, 0.97980, 0.97420

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.99500, with Take Profit of 1.00100 and Stop Loss of 0.98950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.98510, with Take Profit of 0.97980 and Stop Loss of 0.98950