Technical analysis USDCHF for 28.12.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.83960. The closest support is the top of the cloud
Key levels
- 0.85180, 0.84440, 0.83960, 0.82900, 0.82390, 0.81740
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.83960, with Take Profit of 0.84440 and Stop Loss of 0.83470
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.82900, with Take Profit of 0.82390 and Stop Loss of 0.83470
Scenario
Recommendation
BUY STOP
Entry Point
0.83960
Take Profit
0.84440
Stop Loss
0.83470
Key Levels
0.85180, 0.84440, 0.83960, 0.82900, 0.82390, 0.81740
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.82900
Take Profit
0.82390
Stop Loss
0.83470
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.