Technical analysis USDCHF for 23.06.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed upwards. 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 1.0090. The closest resistance is the level 1.0135
Key levels
- 1.0504,1.0390, 1.320, 1.0260, 1.0205, 1.0135, 1.0090, 1.0020
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.0020 and Stop Loss of 1.0135
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.0135, with Take Profit of 1.0205 and Stop Loss of 1.0090
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.