Technical analysis USDCHF for 19.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.96575. The closest resistance is the level 0.97275
Key levels
- 1.00100, 0.99325, 0.98725, 0.97925, 0.97275, 0.96575, 0.95950
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.96575 and Stop Loss of 0.97925
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.97925, with Take Profit of 0.98725 and Stop Loss of 0.97275
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.