Technical analysis USDCHF for 19.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 level 0.9545. The closest resistance is the level 0.9590
Key levels
- 0.9715, 09660, 0.9625, 0.9590, 0.9545, 0.9470
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.9545 and Stop Loss of 0.9625
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9625, with Take Profit of 0.9660 and Stop Loss of 0.9590
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.