Technical analysis USDCHF for 04.01.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud turned over from descending to ascending. Instrument entered the cloud. 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, 0.9120, 0.9085
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9195, with Take Profit of 0.9265 and Stop Loss of 0.9155
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9155, with Take Profit of 0.9120 and Stop Loss of 0.9195
Scenario
Recommendation
BUY STOP
Entry Point
0.9195
Take Profit
0.9265
Stop Loss
0.9155
Key Levels
0.9375, 0.9335, 0.9305, 0.9265, 0.9230, 0.9195, 0.9155, 0.9120, 0.9085
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.9155
Take Profit
0.9120
Stop Loss
0.9195
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.