Technical analysis USDCHF for 08.12.2021
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
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 consolidates at the bottom of the cloud. The closest support is the level 0.9225. The closest resistance is the level 0.9260
Key levels
- 0.9370, 0.9300, 0.9260, 0.9225, 0.9190, 0.9150
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.9260 and Stop Loss of 0.9225
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9225, with Take Profit of 0.9260 and Stop Loss of 0.9190
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.