Technical analysis USDCHF for 02.06.2022
02.06.2022 09:21
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 descending. Instrument consolidates at the bottom of the cloud. The closest resistance is the level 0.96680. The closest support is the level 0.96130
Key levels
- 0.97270, 0.96960, 0.96680, 0.96130, 0.95850, 0.95570
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.96680, with Take Profit of 0.96960 and Stop Loss of 0.96300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.96130, with Take Profit of 0.95850 and Stop Loss of 0.96300
Scenario
Recommendation
BUY STOP
Entry Point
0.96680
Take Profit
0.96960
Stop Loss
0.96300
Key Levels
0.97270, 0.96960, 0.96680, 0.96130, 0.95850, 0.95570
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.96130
Take Profit
0.95850
Stop Loss
0.96300