Technical analysis USDCHF for 07.03.2022
07.03.2022 16:36
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.92250. The closest resistance is the level 0.92525
Key levels
- 0.93150, 0.92750, 0.92525, 0.92250, 0.91900, 0.91525, 0.91117
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.92525 and Stop Loss of 0.92250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.92250, with Take Profit of 0.91900 and Stop Loss of 0.92525
Scenario
Recommendation
BUY
Entry Point
Take Profit
0.92525
Stop Loss
0.92250
Key Levels
0.93150, 0.92750, 0.92525, 0.92250, 0.91900, 0.91525, 0.91117
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.92250
Take Profit
0.91900
Stop Loss
0.92525