Technical analysis USDCHF for 04.12.2023
04.12.2023 16:59
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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.87970
Key levels
- 0.88880, 0.88490, 0.87970, 0.86910, 0.86470, 0.86000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87970, with Take Profit of 0.88490 and Stop Loss of 0.87500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86910, with Take Profit of 0.86470 and Stop Loss of 0.87500
Scenario
Recommendation
BUY STOP
Entry Point
0.87970
Take Profit
0.88490
Stop Loss
0.87500
Key Levels
0.88880, 0.88490, 0.87970, 0.86910, 0.86470, 0.86000
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86910
Take Profit
0.86470
Stop Loss
0.87500