Technical analysis USDCHF for 16.08.2023
16.08.2023 17:07
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 0.88120. The closest support is the level 0.87380
Key levels
- 0.89880, 0.88920, 0.88120, 0.87380, 0.86990, 0.86170
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.88120, with Take Profit of 0.88920 and Stop Loss of 0.87500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.87380, with Take Profit of 0.86990 and Stop Loss of 0.87500
Scenario
Recommendation
BUY STOP
Entry Point
0.88120
Take Profit
0.88920
Stop Loss
0.87500
Key Levels
0.89880, 0.88920, 0.88120, 0.87380, 0.86990, 0.86170
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.87380
Take Profit
0.86990
Stop Loss
0.87500