Technical analysis USDCHF for 22.04.2022

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 0.96040. The closest support is the top of the cloud

Key levels

• 0.97360, 0.96700, 0.96040, 0.95070, 0.94300, 0.93500

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.96040, with Take Profit of 0.96700 and Stop Loss of 0.95550

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.95070, with Take Profit of 0.94300 and Stop Loss of 0.95550