USD/CHF, D1

On the daily chart, the instrument is strengthening along the upper border of Bollinger Bands. The indicator is pointed upwards, as the price range is widening, which reflects the further growth of the pair. MACD histogram is in the positive zone, keeping a strong buy signal. Stochastic has left the oversold area, forming a strong sell signal.

USD/CHF, H4

On the 4-hour chart, the instrument is moving within the range of 1.0000–10050. Bollinger Bands are pointed horizontally, as the price range has narrowed, which reflects the development of the correction. MACD histogram is in the positive zone, its volumes have insignificantly decreased, and the buy signal is relevant. Stochastic is in the neutral zone, giving no signal to enter the market.

Key levels

Resistance levels: 1.0050, 1.0096, 1.0145.

Support levels: 0.9842, 0.9876, 0.9912, 0.9963, 1.0001, 1.0020.

Trading tips

Long positions can be opened at the current level with the target at 1.0095 and stop loss 0.9960. Implementation period: 1–3 days

Short positions can be opened below the level of 0.9960 with the target at 0.9875 and stop loss 1.0005. Implementation period: 1–2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.993860.9936125

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point1.0014
Take Profit1.0095
Stop Loss0.9960
Support levels0.9842, 0.9876, 0.9912, 0.9963, 1.0001, 1.0020, 1.0145, 1.0096, 1.0050

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9950
Take Profit0.9875
Stop Loss1.0005
Support levels0.9842, 0.9876, 0.9912, 0.9963, 1.0001, 1.0020, 1.0145, 1.0096, 1.0050
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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