Technical analysis USDCHF for 31.03.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9225. The closest resistance is the level 0.9265
Key levels
- 0.9370, 0.9300, 0.9265, 0.9225, 0.9195, 0.9150, 0.9125
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.9265 and Stop Loss of 0.9195
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9195, with Take Profit of 0.9150 and Stop Loss of 0.9225