Technical analysis USDCHF for 15.12.2022

15.12.2022 18:44
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 adjusted to the Kijun-sen line. The closest resistance is the level 0.93650. The closest support is the level 0.92530

Key levels

  • 0.94880, 0.94250, 0.93650, 0.92530, 0.91850, 0.91090

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 0.93650, with Take Profit of 0.94250 and Stop Loss of 0.93150

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 0.92530, with Take Profit of 0.91850 and Stop Loss of 0.93150
Scenario
Recommendation
BUY STOP

Entry Point
0.93650

Take Profit
0.94250

Stop Loss
0.93150

Key Levels
0.94880, 0.94250, 0.93650, 0.92530, 0.91850, 0.91090
Alternative scenario
Recommendation
SELL STOP

Entry Point
0.92530

Take Profit
0.91850

Stop Loss
0.93150