Technical analysis USDCHF for 08.11.2023
08.11.2023 17:08
Intraday
Technical
The Tenkan-sen line is located below 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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90330. The closest support is the level 0.89750
Key levels
- 0.91660, 0.91030, 0.90330, 0.89750, 0.89300, 0.88880
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90330, with Take Profit of 0.91030 and Stop Loss of 0.90050
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.89750, with Take Profit of 0.89300 and Stop Loss of 0.90050
Scenario
Recommendation
BUY STOP
Entry Point
0.90330
Take Profit
0.91030
Stop Loss
0.90050
Key Levels
0.91660, 0.91030, 0.90330, 0.89750, 0.89300, 0.88880
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.89750
Take Profit
0.89300
Stop Loss
0.90050