Technical analysis USDCHF for 10.05.2022
10.05.2022 18:51
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 resistance is the level 0.99690. The closest support is the level 0.99070
Key levels
- 1.00670, 1.00100, 0.99690, 0.99070, 0.98660, 0.98310
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.99690, with Take Profit of 1.00100 and Stop Loss of 0.99400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.99070, with Take Profit of 0.98660 and Stop Loss of 0.99400
Scenario
Recommendation
BUY STOP
Entry Point
0.99690
Take Profit
1.00100
Stop Loss
0.99400
Key Levels
1.00670, 1.00100, 0.99690, 0.99070, 0.98660, 0.98310
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.99070
Take Profit
0.98660
Stop Loss
0.99400