Technical analysis USDCHF for 13.11.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest resistance is the lower border of the cloud. The closest support is the level 0.89750
Key levels
- 0.91660, 0.91030, 0.90530, 0.89750, 0.89300, 0.88880
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90530, with Take Profit of 0.91030 and Stop Loss of 0.90125
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.89750, with Take Profit of 0.89300 and Stop Loss of 0.90125
Scenario
Recommendation
BUY STOP
Entry Point
0.90530
Take Profit
0.91030
Stop Loss
0.90125
Key Levels
0.91660, 0.91030, 0.90530, 0.89750, 0.89300, 0.88880
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.89750
Take Profit
0.89300
Stop Loss
0.90125
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.