Technical analysis USDCHF for 12.06.2023
The Tenkan-sen line approaches below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line approaches below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.91130. The closest support is the level 0.90640
Key levels
- 0.91950, 0.91430, 0.91130, 0.90640, 0.89890, 0.89080
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.91130, with Take Profit of 0.91430 and Stop Loss of 0.90920
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.90640, with Take Profit of 0.89890 and Stop Loss of 0.90920
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.