Technical analysis USDCHF for 30.11.2021

30.11.2021 10:24
Intraday
Technical

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. 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 support is the level 0.9190. The closest resistance is the level 0.9225

Key levels

  • 0.9370, 0.9300, 9260, 0.9225, 0.9190, 0.9150, 0.9084

Trading scenario

  • Recommended opening short positions (Sell Limit) from the level of 0.9225, with Take Profit of 0.9190 and Stop Loss of 0.9260

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 0.9190, with Take Profit of 0.9150 and Stop Loss of 0.9225
Scenario
Recommendation
SELL LIMIT

Entry Point
0.9225

Take Profit
0.9190

Stop Loss
0.9260

Key Levels
0.9370, 0.9300, 9260, 0.9225, 0.9190, 0.9150, 0.9084
Alternative scenario
Recommendation
SELL STOP

Entry Point
0.9190

Take Profit
0.9150

Stop Loss
0.9225