Technical analysis USDCHF for 13.10.2022

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 1.00200. The closest resistance is the level 1.00725

Key levels

• 1.01475, 1.00725, 1.00200, 0.99525, 0.98700

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.00725, with Take Profit of 1.01475 and Stop Loss of 1.00200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.00200, with Take Profit of 0.99525 and Stop Loss of 1.00725