Technical analysis USDCHF for 20.03.2024
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.88900. The closest resistance is the level 0.89200
Key levels
- 0.89500, 0.89200, 0.88900, 0.88700, 0.88500
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.88900, with Take Profit of 0.89200 and Stop Loss of 0.88700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.88700, with Take Profit of 0.88500 and Stop Loss of 0.88900
Scenario
Recommendation
BUY LIMIT
Entry Point
0.88900
Take Profit
0.89200
Stop Loss
0.88700
Key Levels
0.89500, 0.89200, 0.88900, 0.88700, 0.88500
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.88700
Take Profit
0.88500
Stop Loss
0.88900
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.