USD/CHF, D1

On D1 chart the instrument was corrected to the upper line of Bollinger Bands. The indicator is directed upwards, and the price range is expanding, which is the basis for further strengthening of USD/CHF. MACD histogram is in the positive zone, maintaining a strong buy signal. Stochastic is preparing to leave the oversold area, a strong sell signal can be formed during the day.

USD/CHF, H4

On H4 chart the instrument is correcting near the support level of 0.9870. Bollinger Bands are directed upwards, while the price range has decreased insignificantly, which indicates an early change in the downtrend. MACD histogram is in the positive zone with its volumes reducing and the buy signal is relevant. Stochastic has reached the oversold zone.

Key levels

Support levels: 0.9637, 0.9672, 0.9707, 0.9744, 0.9794, 0.9811, 0.9842, 0.9868.

Resistance levels: 0.9894, 0.9919, 0.9943, 0.9977.

Trading tips

Long positions may be opened from the current level with targets at 0.9945, 0.9970 and stop-loss at 0.9835. Implementation period: 1-3 days.

Short positions may be opened below the level of 0.9850 with target at 0.9795 and stop-loss at 0.9895. Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.995040.9947826

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.9889
Take Profit0.9945, 0.9970
Stop Loss0.9835
Support levels0.9637, 0.9672, 0.9707, 0.9744, 0.9794, 0.9811, 0.9842, 0.9868, 0.9894, 0.9919, 0.9943, 0.9977

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9845
Take Profit0.9795
Stop Loss0.9895
Support levels0.9637, 0.9672, 0.9707, 0.9744, 0.9794, 0.9811, 0.9842, 0.9868, 0.9894, 0.9919, 0.9943, 0.9977
USD/CHF: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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