Technical analysis USDCHF for 25.03.2022
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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9270. The closest resistance is the level 0.9310
Key levels
- 0.9430, 0.9370, 0.9310, 0.9270, 0.9230, 0.9190, 0.9145
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.9310, with Take Profit of 0.9270 and Stop Loss of 0.9330
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.9230, with Take Profit of 0.9270 and Stop Loss of 0.9190