Technical analysis USDCHF for 28.02.2022

The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument consolidates at the bottom of the cloud. The closest support is the level 0.9145. The closest resistance is the level 0.9190

Key levels

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

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.9190, with Take Profit of 0.9145 and Stop Loss of 0.9230

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9145, with Take Profit of 0.9190 and Stop Loss of 0.9125