Technical analysis USDCHF for 07.11.2023

07.11.2023 16:55
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the level 0.90050. The closest resistance is the level 0.90325

Key levels

  • 0.90800, 0.90500, 0.90325, 0.90050, 0.89775

Trading scenario

  • Recommended opening short positions (Sell Limit) from the level of 0.90325, with Take Profit of 0.90050 and Stop Loss of 0.90500

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 0.90500, with Take Profit of 0.90800 and Stop Loss of 0.90325

Guión
Recomendación
SELL LIMIT

Punto de entrada
0.90325

Take Profit
0.90050

Stop Loss
0.90500

Niveles clave
0.90800, 0.90500, 0.90325, 0.90050, 0.89775
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
0.90500

Take Profit
0.90800

Stop Loss
0.90325