Technical analysis USDCHF for 24.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9155. The closest resistance is the level 0.9195
Key levels
- 0.9375, 0.9335, 0.9305, 0.9265, 0.9230, 0.9195, 0.9155, 0.9085
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9155, with Take Profit of 0.9085 and Stop Loss of 0.9195
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9195, with Take Profit of 0.9230 and Stop Loss of 0.9155
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.