Technical analysis USDCHF for 24.02.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above 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 0.92300. The closest resistance is the level 0.92750
Key levels
- 0.93700, 0.93175, 0.92750, 0.92300, 0.91900, 0.91525, 0.91100
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.92300, with Take Profit of 0.91900 and Stop Loss of 0.92450
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.92750, with Take Profit of 0.93175 and Stop Loss of 0.92500
Scenario
Recommendation
SELL STOP
Entry Point
0.92300
Take Profit
0.91900
Stop Loss
0.92450
Key Levels
0.93700, 0.93175, 0.92750, 0.92300, 0.91900, 0.91525, 0.91100
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.92750
Take Profit
0.93175
Stop Loss
0.92500
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.