USD/CHF, D1

In D1 chart the instrument corrected to the middle line of Bollinger Bands, the price range is narrowed. MACD histogram is near zero line and has minimum volume, the signal line is ready to cross the zero line from above, after which the signal to open short positions will be received. Stochastic is in the neutral area, and the lines of the oscillator are directed upwards.

USD/CHF, H4

On the D1 chart the pair is moving in a lateral channel formed by the top and middle lines of Bollinger Bands. MACD histogram is in the positive area, gradually increasing volumes, the signal line crosses the zero mark and the body of the histogram from the bottom up, which is a signal to open long positions. Stochastic is at the oversold area border, and the signal line of the oscillator is directed upwards.

Key levels

Support levels: 0.9870, 0.9860, 0.9840, 0.9830, 0.9820, 0.9800.

Resistance levels: 0.9885, 0.9900, 0.9910, 0.9925, 0.9940, 0.9970.

Trading tips

According to technical indicators, long positions could be opened from the level of 0.9900 with target at 0.9970 and stop-loss at 0.9860.

Short positions may be opened from the level of 0.9850 with target at 0.9800. Stop-loss – 0.9880.

Implementation period: 1-3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.994720.9944527

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point0.9900
Take Profit0.9970
Stop Loss0.9860
Support levels0.9800, 0.9820, 0.9830, 0.9840, 0.9860, 0.9870, 0.9885, 0.9900, 0.9910, 0.9925, 0.9940, 0.9970

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9850
Take Profit0.9800
Stop Loss0.9880
Support levels0.9800, 0.9820, 0.9830, 0.9840, 0.9860, 0.9870, 0.9885, 0.9900, 0.9910, 0.9925, 0.9940, 0.9970
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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