Technical analysis USDCHF for 21.10.2024

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