Technical analysis USDCHF for 11.08.2022
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 0.9430. The closest resistance is the level 0.9445
Key levels
- 0.9605, 0.9550, 0.9515, 0.9470, 0.9445, 0.9430, 0.9430, 0.9335
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9430, with Take Profit of 0.9380 and Stop Loss of 0.9445
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9445, with Take Profit of 0.9470 and Stop Loss of 0.9430
Scenario
Recommendation
SELL STOP
Entry Point
0.9430
Take Profit
0.9380
Stop Loss
0.9445
Key Levels
0.9605, 0.9550, 0.9515, 0.9470, 0.9445, 0.9430, 0.9430, 0.9335
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.9445
Take Profit
0.9470
Stop Loss
0.9430
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.