Technical analysis USDCHF for 25.03.2022
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 support is the level 0.9270. The closest resistance is the level 0.9310
Key levels
- 0.9430, 0.9370, 0.9310, 0.9270, 0.9230, 0.9190, 0.9145
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.9310, with Take Profit of 0.9270 and Stop Loss of 0.9330
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.9230, with Take Profit of 0.9270 and Stop Loss of 0.9190
Scenario
Recommendation
SELL LIMIT
Entry Point
0.9310
Take Profit
0.9270
Stop Loss
0.9330
Key Levels
0.9430, 0.9370, 0.9310, 0.9270, 0.9230, 0.9190, 0.9145
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
0.9230
Take Profit
0.9270
Stop Loss
0.9190
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.