Technical analysis USDCHF for 20.06.2022
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 0.9655. The closest resistance is the level 0.9730
Key levels
- 1.0030, 0.9915, 0.9840, 0.9730, 0.9655, 0.9545
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9730, with Take Profit of 0.9840 and Stop Loss of 0.9655
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9655, with Take Profit of 0.9545 and Stop Loss of 0.9730
Scenario
Recommendation
BUY STOP
Entry Point
0.9730
Take Profit
0.9840
Stop Loss
0.9655
Key Levels
1.0030, 0.9915, 0.9840, 0.9730, 0.9655, 0.9545
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.9655
Take Profit
0.9545
Stop Loss
0.9730
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.