Technical analysis USDCHF for 26.07.2022
26.07.2022 18:37
Intraday
Technical
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 support is the level 0.96050. The closest resistance is the level 0.96425
Key levels
- 0.97250, 0.96800, 0.96425, 0.96050, 0.95500
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.96050, with Take Profit of 0.95500 and Stop Loss of 0.96425
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.96425, with Take Profit of 0.96800 and Stop Loss of 0.96050
Scenario
Recommendation
SELL STOP
Entry Point
0.96050
Take Profit
0.95500
Stop Loss
0.96425
Key Levels
0.97250, 0.96800, 0.96425, 0.96050, 0.95500
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.96425
Take Profit
0.96800
Stop Loss
0.96050