Technical analysis USDCHF for 29.04.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 0.9736
Key levels
- 0.9850, 0.9790, 0.9736, 0.9670, 0.9604, 0.9507, 0.9430, 0.9350
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.9736, with Take Profit of 0.9670 and Stop Loss of 0.9790
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9790, with Take Profit of 0.9850 and Stop Loss of 0.9736
Scenario
Recommendation
SELL LIMIT
Entry Point
0.9736
Take Profit
0.9670
Stop Loss
0.9790
Key Levels
0.9850, 0.9790, 0.9736, 0.9670, 0.9604, 0.9507, 0.9430, 0.9350
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.9790
Take Profit
0.9850
Stop Loss
0.9736
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.