Technical analysis USDCHF for 23.03.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.93700. The closest support is the level 0.93350
Key levels
- 0.94320, 0.93960, 0.93700, 0.93350, 0.93000, 0.92600, 0.92250, 0.91900, 0.91500
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.93700 and Stop Loss of 0.93350
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.93700, with Take Profit of 0.93350 and Stop Loss of 0.93960
Scenario
Recommendation
BUY
Entry Point
Take Profit
0.93700
Stop Loss
0.93350
Key Levels
0.94320, 0.93960, 0.93700, 0.93350, 0.93000, 0.92600, 0.92250, 0.91900, 0.91500
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
0.93700
Take Profit
0.93350
Stop Loss
0.93960
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.