Technical analysis USDCHF for 24.02.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above 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 0.92300. The closest resistance is the level 0.92750

Key levels

• 0.93700, 0.93175, 0.92750, 0.92300, 0.91900, 0.91525, 0.91100

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.92300, with Take Profit of 0.91900 and Stop Loss of 0.92450

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.92750, with Take Profit of 0.93175 and Stop Loss of 0.92500