Technical analysis USDCHF for 06.07.2023
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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90310. The closest support is the level 0.89280
Key levels
- 0.91430, 0.90890, 0.90310, 0.89280, 0.88660
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90310, with Take Profit of 0.90890 and Stop Loss of 0.89800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.89280, with Take Profit of 0.88660 and Stop Loss of 0.89800
Scenario
Recommendation
BUY STOP
Entry Point
0.90310
Take Profit
0.90890
Stop Loss
0.89800
Key Levels
0.91430, 0.90890, 0.90310, 0.89280, 0.88660
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.89280
Take Profit
0.88660
Stop Loss
0.89800
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.