Technical analysis USDCHF for 23.06.2023
Tenkan-sen and Kijun-sen lines are merged. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90030. The closest support is the level 0.89370
Key levels
- 0.90920, 0.90480, 0.90030, 0.89370, 0.88890, 0.88410
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90030, with Take Profit of 0.90480 and Stop Loss of 0.89710
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.89370, with Take Profit of 0.88890 and Stop Loss of 0.89710
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.