Technical analysis USDCHF for 05.07.2022
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9585. The closest resistance is the level 0.9610
Key levels
- 0.9730, 0.9680, 0.9640, 0.9615, 0.9585, 0.9550, 0.9495
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.9550 and Stop Loss of 0.9640
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9640, with Take Profit of 0.9680 and Stop Loss of 0.9615