Technical analysis USDCHF for 04.08.2022
04.08.2022 19:21
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 ready to roll over from descending to ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9470. The closest resistance is the level 0.9560
Key levels
- 0.9900, 0.9825, 0.9760, 0.9695, 0.9620, 0.9560, 0.9470
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.9470 and Stop Loss of 0.9620
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9620, with Take Profit of 0.9695 and Stop Loss of 0.9560
Scenario
Recommendation
SELL
Entry Point
Take Profit
0.9470
Stop Loss
0.9620
Key Levels
0.9900, 0.9825, 0.9760, 0.9695, 0.9620, 0.9560, 0.9470
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.9620
Take Profit
0.9695
Stop Loss
0.9560