Technical analysis USDCHF for 23.09.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. 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 0.9820. The closest resistance is the level 0.9785
Key levels
- 0.9870, 0.9820, 0.9785, 0.9730, 0.9690, 0.9645, 0.9595, 0.9510
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9820, with Take Profit of 0.9870 and Stop Loss of 0.9785
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9785, with Take Profit of 0.9730 and Stop Loss of 0.9820
Scenario
Recommendation
BUY STOP
Entry Point
0.9820
Take Profit
0.9870
Stop Loss
0.9785
Key Levels
0.9870, 0.9820, 0.9785, 0.9730, 0.9690, 0.9645, 0.9595, 0.9510
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.9785
Take Profit
0.9730
Stop Loss
0.9820
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.