Technical analysis USDCHF for 13.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.96650. The closest support is the level 0.95350

Key levels

• 0.97780, 0.97100, 0.96650, 0.95350, 0.94650, 0.94160

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.96650, with Take Profit of 0.97100 and Stop Loss of 0.95950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.95350, with Take Profit of 0.94650 and Stop Loss of 0.95950