Technical analysis USDCHF for 24.08.2022

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 support is the level 0.9630. The closest resistance is the level 0.9675

Key levels

• 0.9885, 0.9790, 0.9730, 0.9675, 0.9630, 0.9565, 0.9470

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9675, with Take Profit of 0.9730 and Stop Loss of 0.9630

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9630, with Take Profit of 0.9565 and Stop Loss of 0.9675