Technical analysis USDCHF for 29.12.2021
29.12.2021 15:55
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the lower border of the cloud. The closest support is the level 0.91525
Key levels
- 0.93700, 0.93035, 0.92650, 0.92280, 0.91900, 0.91525, 0.91220, 0.90840
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.91525, with Take Profit of 0.91220 and Stop Loss of 0.91790
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.91900, with Take Profit of 0.92280 and Stop Loss of 0.91700
Scenario
Recommendation
SELL STOP
Entry Point
0.91525
Take Profit
0.91220
Stop Loss
0.91790
Key Levels
0.93700, 0.93035, 0.92650, 0.92280, 0.91900, 0.91525, 0.91220, 0.90840
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.91900
Take Profit
0.92280
Stop Loss
0.91700