Technical analysis USDCHF for 29.08.2022
29.08.2022 09:11
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are 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 lower border of the cloud
Key levels
- 0.9857, 0.9765, 0.9710, 0.9665, 0.9620, 9560, 0.9470
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9710, with Take Profit of 0.9765 and Stop Loss of 0.9665
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9665, with Take Profit of 0.9560 and Stop Loss of 0.9710
Scenario
Recommendation
BUY STOP
Entry Point
0.9710
Take Profit
0.9765
Stop Loss
0.9665
Key Levels
0.9857, 0.9765, 0.9710, 0.9665, 0.9620, 9560, 0.9470
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.9665
Take Profit
0.9560
Stop Loss
0.9710