Technical analysis USDCHF for 16.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, 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 support is the level 0.9665. The closest resistance is the level 1.0029
Key levels
- 1.0235, 1.0108, 1.0029, 0.9965, 0.9900, 0.9825, 0.9710
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.0108 and Stop Loss of 0.9965
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9965, with Take Profit of 0.9825 and Stop Loss of 1.0029