Technical analysis USDCHF for 12.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9969. The closest resistance is the level 1.0010
Key levels
- 1.0067, 1.0010, 0.9969, 0.9907, 0.9866, 0.9831
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.0010, with Take Profit of 1.0067 and Stop Loss of 0.9969
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9969, with Take Profit of 0.9907 and Stop Loss of 1.0010
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.