Technical analysis USDCHF for 23.10.2023
23.10.2023 17:06
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.89550. The closest support is the level 0.88990
Key levels
- 0.90330, 0.90050, 0.89550, 0.88990, 0.88680, 0.88130
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.89550, with Take Profit of 0.90050 and Stop Loss of 0.89250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.88990, with Take Profit of 0.88680 and Stop Loss of 0.89250
Scenario
Recommendation
BUY STOP
Entry Point
0.89550
Take Profit
0.90050
Stop Loss
0.89250
Key Levels
0.90330, 0.90050, 0.89550, 0.88990, 0.88680, 0.88130
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.88990
Take Profit
0.88680
Stop Loss
0.89250