Technical analysis USDCHF for 02.01.2024
02.01.2024 18:10
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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.85180. The closest support is the level 0.84440
Key levels
- 0.86290, 0.85770, 0.85180, 0.84440, 0.83960, 0.83500
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.85180, with Take Profit of 0.85770 and Stop Loss of 0.84800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.84440, with Take Profit of 0.83960 and Stop Loss of 0.84800
Scenario
Recommendation
BUY STOP
Entry Point
0.85180
Take Profit
0.85770
Stop Loss
0.84800
Key Levels
0.86290, 0.85770, 0.85180, 0.84440, 0.83960, 0.83500
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.84440
Take Profit
0.83960
Stop Loss
0.84800