Technical analysis USDCHF for 11.03.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.92750. The closest resistance is the level 0.93200
Key levels
- 0.94075, 0.93600, 0.93200, 0.92750, 0.92300, 0.91925, 0.91525
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.93200, with Take Profit of 0.93600 and Stop Loss of 0.93000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.92750, with Take Profit of 0.92300 and Stop Loss of 0.93200