Technical analysis USDCHF for 15.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 0.9230. The closest resistance is the level 0.9270

Key levels

• 0.9370, 0.9310, 0.9270, 0.9230, 0.9190, 0.9145, 0.9090

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9270, with Take Profit of 0.9310 and Stop Loss of 0.9230

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9230, with Take Profit of 0.9190 and Stop Loss of 0.9270