Technical analysis USDCHF for 30.09.2022
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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.97925. The closest resistance is the level 0.98275
Key levels
- 0.98700, 0.98275, 0.97925, 0.97525, 0.97000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.98275, with Take Profit of 0.98700 and Stop Loss of 0.97925
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.97925, with Take Profit of 0.97525 and Stop Loss of 0.98275
Scenario
Recommendation
BUY STOP
Entry Point
0.98275
Take Profit
0.98700
Stop Loss
0.97925
Key Levels
0.98700, 0.98275, 0.97925, 0.97525, 0.97000
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.97925
Take Profit
0.97525
Stop Loss
0.98275
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.