Technical analysis USDCHF for 07.03.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.92250. The closest resistance is the level 0.92525
Key levels
- 0.93150, 0.92750, 0.92525, 0.92250, 0.91900, 0.91525, 0.91117
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.92525 and Stop Loss of 0.92250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.92250, with Take Profit of 0.91900 and Stop Loss of 0.92525
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.