Technical analysis USDCHF for 30.11.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9190. The closest resistance is the level 0.9225

Key levels

• 0.9370, 0.9300, 9260, 0.9225, 0.9190, 0.9150, 0.9084

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.9225, with Take Profit of 0.9190 and Stop Loss of 0.9260

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9190, with Take Profit of 0.9150 and Stop Loss of 0.9225