Technical analysis USDCHF for 26.05.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are remain horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are remain 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 resistance is the level 0.96390. The closest support is the level 0.95780
Key levels
- 0.97080, 0.96700, 0.96390, 0.95780, 0.95300, 0.94860
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.96390, with Take Profit of 0.96700 and Stop Loss of 0.96000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.95780, with Take Profit of 0.95300 and Stop Loss of 0.96000
Scenario
Recommendation
BUY STOP
Entry Point
0.96390
Take Profit
0.96700
Stop Loss
0.96000
Key Levels
0.97080, 0.96700, 0.96390, 0.95780, 0.95300, 0.94860
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.95780
Take Profit
0.95300
Stop Loss
0.96000
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.