Technical analysis USDCHF for 20.10.2022
20.10.2022 18:50
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 crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.00190. The closest support is the level 0.99660
Key levels
- 1.01110, 1.00650, 1.00190, 0.99660, 0.99330, 0.99040
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.00190, with Take Profit of 1.00650 and Stop Loss of 0.99900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.99660, with Take Profit of 0.99330 and Stop Loss of 0.99900
Scenario
Recommendation
BUY STOP
Entry Point
1.00190
Take Profit
1.00650
Stop Loss
0.99900
Key Levels
1.01110, 1.00650, 1.00190, 0.99660, 0.99330, 0.99040
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.99660
Take Profit
0.99330
Stop Loss
0.99900