Technical analysis USDCHF for 02.02.2022
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9195. The closest resistance is the level 0.9150
Key levels
- 0.9370, 0.9300, 0.9265, 0.9230, 0.9195, 0.9150, 0.9125, 0.9085
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.9150 and Stop Loss of 0.9230
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.9150, with Take Profit of 0.9195 and Stop Loss of 0.9125
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.