Technical analysis USDCHF for 21.08.2023
21.08.2023 17:25
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.88230. The closest support is the level 0.87200
Key levels
- 0.89630, 0.88920, 0.88230, 0.87200, 0.86450, 0.85840
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.88230, with Take Profit of 0.88920 and Stop Loss of 0.87750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.87200, with Take Profit of 0.86450 and Stop Loss of 0.87750
Scenario
Recommendation
BUY STOP
Entry Point
0.88230
Take Profit
0.88920
Stop Loss
0.87750
Key Levels
0.89630, 0.88920, 0.88230, 0.87200, 0.86450, 0.85840
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.87200
Take Profit
0.86450
Stop Loss
0.87750