Technical analysis USDCHF for 24.08.2023
24.08.2023 18:04
Intraday
Technical
The Tenkan-sen line is located below 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 below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.88350. The closest support is the level 0.87940
Key levels
- 0.89600, 0.88900, 0.88350, 0.87940, 0.87190, 0.86170
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.88350, with Take Profit of 0.88900 and Stop Loss of 0.88150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.87940, with Take Profit of 0.87190 and Stop Loss of 0.88150
Scenario
Recommendation
BUY STOP
Entry Point
0.88350
Take Profit
0.88900
Stop Loss
0.88150
Key Levels
0.89600, 0.88900, 0.88350, 0.87940, 0.87190, 0.86170
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.87940
Take Profit
0.87190
Stop Loss
0.88150