Technical analysis USDCHF for 15.02.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 0.9230. The closest resistance is the level 0.9270
Key levels
- 0.9370, 0.9310, 0.9270, 0.9230, 0.9190, 0.9145, 0.9090
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9270, with Take Profit of 0.9310 and Stop Loss of 0.9230
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9230, with Take Profit of 0.9190 and Stop Loss of 0.9270
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.