Technical analysis USDCHF for 04.12.2023

04.12.2023 16:59
Intradía
Técnico

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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.87970

Key levels

  • 0.88880, 0.88490, 0.87970, 0.86910, 0.86470, 0.86000

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 0.87970, with Take Profit of 0.88490 and Stop Loss of 0.87500

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 0.86910, with Take Profit of 0.86470 and Stop Loss of 0.87500

Guión
Recomendación
BUY STOP

Punto de entrada
0.87970

Take Profit
0.88490

Detener la pérdida de
0.87500

Niveles clave
0.88880, 0.88490, 0.87970, 0.86910, 0.86470, 0.86000
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
0.86910

Take Profit
0.86470

Detener la pérdida de
0.87500