Technical analysis USDCHF for 24.11.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9300. The closest resistance is the level 0.9370

Key levels

• 0.8925, 0.9020, 0.9115, 0.9200, 0.9300, 0.9370, 0.9474

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.9370 and Stop Loss of 0.9300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9300, with Take Profit of 0.9200 and Stop Loss of 0.9370