Technical analysis USDCHF for 23.11.2021

The Tenkan-sen line crosses bottom upward the Kijun-sen line. Red is directed upwards, while blue remains 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 support is the level 0.9297. The closest resistance is the level 0.9330

Key levels

• 0.9365, 0.9330, 0.9297, 09275, 0.9259, 0.9242, 0.92213, 0.9186

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.9365 and Stop Loss of 0.9365

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.9365, with Take Profit of 0.2997 and Stop Loss of 0.2997