Technical analysis USDCHF for 18.02.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 corrected to the Tenkan-se line. The closest support is the level 0.9190. The closest resistance is the level 0.9230
Key levels
- 0.9370, 0.9310, 0.9270, 0.9230, 0.9190, 0.9145, 0.9090
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.9190, with Take Profit of 0.9230 and Stop Loss of 0.9175
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.9230, with Take Profit of 0.9190 and Stop Loss of 0.9270
Scenario
Recommendation
BUY LIMIT
Entry Point
0.9190
Take Profit
0.9230
Stop Loss
0.9175
Key Levels
0.9370, 0.9310, 0.9270, 0.9230, 0.9190, 0.9145, 0.9090
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
0.9230
Take Profit
0.9190
Stop Loss
0.9270
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.