Technical analysis USDCHF for 29.04.2022
29.04.2022 18:44
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. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 0.9736
Key levels
- 0.9850, 0.9790, 0.9736, 0.9670, 0.9604, 0.9507, 0.9430, 0.9350
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.9736, with Take Profit of 0.9670 and Stop Loss of 0.9790
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9790, with Take Profit of 0.9850 and Stop Loss of 0.9736
Scenario
Recommendation
SELL LIMIT
Entry Point
0.9736
Take Profit
0.9670
Stop Loss
0.9790
Key Levels
0.9850, 0.9790, 0.9736, 0.9670, 0.9604, 0.9507, 0.9430, 0.9350
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.9790
Take Profit
0.9850
Stop Loss
0.9736