Technical analysis USDCHF for 29.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 lower border of the cloud. The closest support is the level 0.91525

Key levels

• 0.93700, 0.93035, 0.92650, 0.92280, 0.91900, 0.91525, 0.91220, 0.90840

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.91525, with Take Profit of 0.91220 and Stop Loss of 0.91790

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.91900, with Take Profit of 0.92280 and Stop Loss of 0.91700