Technical analysis USDCHF for 15.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 0.93650. The closest support is the level 0.92530

Key levels

• 0.94880, 0.94250, 0.93650, 0.92530, 0.91850, 0.91090

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.93650, with Take Profit of 0.94250 and Stop Loss of 0.93150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.92530, with Take Profit of 0.91850 and Stop Loss of 0.93150