Technical analysis USDCHF for 07.08.2023
07.08.2023 01:36
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is above 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 0.87750. The closest support is the level 0.86780
Key levels
- 0.88900, 0.88340, 0.87750, 0.86780, 0.86170, 0.85730
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87750, with Take Profit of 0.88340 and Stop Loss of 0.87200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86780, with Take Profit of 0.86170 and Stop Loss of 0.87200
Scenario
Recommendation
BUY STOP
Entry Point
0.87750
Take Profit
0.88340
Stop Loss
0.87200
Key Levels
0.88900, 0.88340, 0.87750, 0.86780, 0.86170, 0.85730
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86780
Take Profit
0.86170
Stop Loss
0.87200