Technical analysis USDCHF for 05.10.2022
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 level 0.98700. The closest resistance is the level 0.99275
Key levels
- 0.99925, 0.99275, 0.98700, 0.98275, 0.97650
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.98700, with Take Profit of 0.99275 and Stop Loss of 0.98275
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.98275, with Take Profit of 0.97650 and Stop Loss of 0.98700
Scenario
Recommendation
BUY LIMIT
Entry Point
0.98700
Take Profit
0.99275
Stop Loss
0.98275
Key Levels
0.99925, 0.99275, 0.98700, 0.98275, 0.97650
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.98275
Take Profit
0.97650
Stop Loss
0.98700
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.