Technical analysis USDCHF for 12.05.2022
12.05.2022 18:43
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 0.9969. The closest resistance is the level 1.0010
Key levels
- 1.0067, 1.0010, 0.9969, 0.9907, 0.9866, 0.9831
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.0010, with Take Profit of 1.0067 and Stop Loss of 0.9969
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9969, with Take Profit of 0.9907 and Stop Loss of 1.0010
Scenario
Recommendation
BUY STOP
Entry Point
1.0010
Take Profit
1.0067
Stop Loss
0.9969
Key Levels
1.0067, 1.0010, 0.9969, 0.9907, 0.9866, 0.9831
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.9969
Take Profit
0.9907
Stop Loss
1.0010