Technical analysis USDCHF for 10.10.2023
10.10.2023 17:00
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.91000. The closest support is the level 0.90330
Key levels
- 0.91600, 0.91380, 0.91000, 0.90330, 0.90050, 0.89800
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.91000, with Take Profit of 0.91380 and Stop Loss of 0.90680
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.90330, with Take Profit of 0.90050 and Stop Loss of 0.90680
Scenario
Recommendation
BUY STOP
Entry Point
0.91000
Take Profit
0.91380
Stop Loss
0.90680
Key Levels
0.91600, 0.91380, 0.91000, 0.90330, 0.90050, 0.89800
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.90330
Take Profit
0.90050
Stop Loss
0.90680