Technical analysis USDCHF for 29.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 support is the top of the cloud. The closest resistance is the level 0.9736
Key levels
- 0.9850, 0.9790, 0.9736, 0.9670, 0.9604, 0.9507, 0.9430, 0.9350
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.9736, with Take Profit of 0.9670 and Stop Loss of 0.9790
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9790, with Take Profit of 0.9850 and Stop Loss of 0.9736