Technical analysis USDCHF for 19.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.95070. The closest support is the level 0.94300

Key levels

• 0.96520, 0.95780, 0.95070, 0.94300, 0.93710, 0.93140

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.95070, with Take Profit of 0.95780 and Stop Loss of 0.94650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.94300, with Take Profit of 0.93710 and Stop Loss of 0.94650