Technical analysis USDCHF for 17.03.2022
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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.9430. The closest support is the level 0.9360
Key levels
- 0.9480, 0.9430, 0.9360, 0.9320, 0.9280, 0.9225, 0.9150
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.9360, with Take Profit of 0.9430 and Stop Loss of 0.9320
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9320, with Take Profit of 0.9280 and Stop Loss of 0.9360
Scenario
Recommendation
BUY LIMIT
Entry Point
0.9360
Take Profit
0.9430
Stop Loss
0.9320
Key Levels
0.9480, 0.9430, 0.9360, 0.9320, 0.9280, 0.9225, 0.9150
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.9320
Take Profit
0.9280
Stop Loss
0.9360
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.