Technical analysis USDCHF for 08.01.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above 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 0.84700. The closest resistance is the level 0.85400
Key levels
- 0.86450, 0.85800, 0.85400, 0.84700, 0.84225
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.85400, with Take Profit of 0.84700 and Stop Loss of 0.85800
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.85800, with Take Profit of 0.86450 and Stop Loss of 0.85400
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.