Technical analysis USDCHF for 06.05.2022
06.05.2022 19:14
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 0.98275. The closest resistance is the level 0.98975
Key levels
- 0.99650, 0.98975, 0.98275, 0.97525, 0.96850, 0.96125, 0.95400
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.98975 and Stop Loss of 0.98275
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.98275, with Take Profit of 0.97525 and Stop Loss of 0.98975
Scenario
Recommendation
BUY
Entry Point
Take Profit
0.98975
Stop Loss
0.98275
Key Levels
0.99650, 0.98975, 0.98275, 0.97525, 0.96850, 0.96125, 0.95400
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.98275
Take Profit
0.97525
Stop Loss
0.98975