Technical analysis USDCHF for 26.04.2024
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 0.91150. The closest resistance is the level 0.91550
Key levels
- 0.91800, 0.91550, 0.91150, 0.90900, 0.90650
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.91150, with Take Profit of 0.91550 and Stop Loss of 0.90900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.90900, with Take Profit of 0.90650 and Stop Loss of 0.91150
Scenario
Recommendation
BUY LIMIT
Entry Point
0.91150
Take Profit
0.91550
Stop Loss
0.90900
Key Levels
0.91800, 0.91550, 0.91150, 0.90900, 0.90650
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.90900
Take Profit
0.90650
Stop Loss
0.91150
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.