Technical analysis USDCHF for 12.12.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below 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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.87970. The closest support is the level 0.86910
Key levels
- 0.88880, 0.88490, 0.87970, 0.86910, 0.86470, 0.86000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87970, with Take Profit of 0.88490 and Stop Loss of 0.87400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86910, with Take Profit of 0.86470 and Stop Loss of 0.87400
Scenario
Recommendation
BUY STOP
Entry Point
0.87970
Take Profit
0.88490
Stop Loss
0.87400
Key Levels
0.88880, 0.88490, 0.87970, 0.86910, 0.86470, 0.86000
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86910
Take Profit
0.86470
Stop Loss
0.87400
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.