Technical analysis USDCHF for 14.12.2021
Tenkan-sen and Kijun-sen lines are merged. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. Strong resistance is the merged Tenkan-se and Kijun-sen lines. The closest support is the level 0.92000
Key levels
- 0.94740, 0.93700, 0.93000, 0.92000, 0.91150, 0.90200
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.93000 and Stop Loss of 0.91150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.91150, with Take Profit of 0.90200 and Stop Loss of 0.92000