Technical analysis USDCHF for 01.12.2021
01.12.2021 10:18
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. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.91150. The closest resistance is the level 0.92000
Key levels
- 0.94740, 0.93700, 0.93000, 0.92000, 0.91150, 0.90200, 0.89250
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.92000, with Take Profit of 0.91150 and Stop Loss of 0.93000
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.92680, with Take Profit of 0.93700 and Stop Loss of 0.92000
Scenario
Recommendation
SELL LIMIT
Entry Point
0.92000
Take Profit
0.91150
Stop Loss
0.93000
Key Levels
0.94740, 0.93700, 0.93000, 0.92000, 0.91150, 0.90200, 0.89250
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.92680
Take Profit
0.93700
Stop Loss
0.92000