Technical analysis USDCHF for 10.08.2023
10.08.2023 18:10
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.87200. The closest resistance is the level 0.87725
Key levels
- 0.88175, 0.87725, 0.87200, 0.86950, 0.86575
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87200, with Take Profit of 0.87725 and Stop Loss of 0.86950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86950, with Take Profit of 0.86575 and Stop Loss of 0.87200
Scenario
Recommendation
BUY STOP
Entry Point
0.87200
Take Profit
0.87725
Stop Loss
0.86950
Key Levels
0.88175, 0.87725, 0.87200, 0.86950, 0.86575
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86950
Take Profit
0.86575
Stop Loss
0.87200