Technical analysis USDCHF for 21.10.2024
21.10.2024 16:11
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 support is the level 0.86350. The closest resistance is the level 0.86650
Key levels
- 0.86900, 0.86650, 0.86350, 0.86125, 0.85700
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.86350, with Take Profit of 0.86650 and Stop Loss of 0.86125
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86125, with Take Profit of 0.85700 and Stop Loss of 0.86350
Scenario
Recommendation
BUY LIMIT
Entry Point
0.86350
Take Profit
0.86650
Stop Loss
0.86125
Key Levels
0.86900, 0.86650, 0.86350, 0.86125, 0.85700
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86125
Take Profit
0.85700
Stop Loss
0.86350