Technical analysis USDCHF for 31.08.2022
31.08.2022 17:59
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 0.98090. The closest support is the level 0.97100
Key levels
- 0.99060, 0.98570, 0.98090, 0.97100, 0.96650, 0.96200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.98090, with Take Profit of 0.98570 and Stop Loss of 0.97550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.97100, with Take Profit of 0.96650 and Stop Loss of 0.97550
Scenario
Recommendation
BUY STOP
Entry Point
0.98090
Take Profit
0.98570
Stop Loss
0.97550
Key Levels
0.99060, 0.98570, 0.98090, 0.97100, 0.96650, 0.96200
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.97100
Take Profit
0.96650
Stop Loss
0.97550