Technical analysis USDCHF for 24.11.2021
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
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 turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9300. The closest resistance is the level 0.9370
Key levels
- 0.8925, 0.9020, 0.9115, 0.9200, 0.9300, 0.9370, 0.9474
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.9370 and Stop Loss of 0.9300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9300, with Take Profit of 0.9200 and Stop Loss of 0.9370
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.