Technical analysis USDCHF for 01.12.2021
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.91150. The closest resistance is the level 0.92000
Key levels
- 0.94740, 0.93700, 0.93000, 0.92000, 0.91150, 0.90200, 0.89250
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.92000, with Take Profit of 0.91150 and Stop Loss of 0.93000
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.92680, with Take Profit of 0.93700 and Stop Loss of 0.92000
Scenario
Recommendation
SELL LIMIT
Entry Point
0.92000
Take Profit
0.91150
Stop Loss
0.93000
Key Levels
0.94740, 0.93700, 0.93000, 0.92000, 0.91150, 0.90200, 0.89250
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.92680
Take Profit
0.93700
Stop Loss
0.92000
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.