Technical analysis USDCHF for 18.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest support is the level 0.9190. The closest resistance is the level 0.9230

Key levels

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

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.9190, with Take Profit of 0.9230 and Stop Loss of 0.9175

Alternative scenario

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