Technical analysis USDCHF for 25.07.2023
25.07.2023 17:42
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.86550. The closest resistance is the level 0.87050
Key levels
- 0.87750, 0.87475, 0.87050, 0.86550, 0.86250, 0.85775
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.86550, with Take Profit of 0.87050 and Stop Loss of 0.86250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86250, with Take Profit of 0.85775 and Stop Loss of 0.86550
Scenario
Recommendation
BUY LIMIT
Entry Point
0.86550
Take Profit
0.87050
Stop Loss
0.86250
Key Levels
0.87750, 0.87475, 0.87050, 0.86550, 0.86250, 0.85775
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86250
Take Profit
0.85775
Stop Loss
0.86550