USD/CHF, D1

On D1 chart the pair is trading in the upper part of Bollinger Bands. The indicator corrected sideways and the price range remains unchanged which serves as a basis for the further correction. MACD histogram is correcting in the neutral zone, the signal for entering the market is not formed. Stochastic is leaving the overbought area having formed the sell signal.

USD/CHF, H4

On the H4 chart the instrument is trading below the moving average of Bollinger Bands. The indicator is directed upwards, while the price range has decreased, which indicates a change in the current trend. MACD histogram is in the positive zone with its volumes reducing and the buy signal is relevant. Stochastic entered the overbought area, a sell signal can be formed in the next few hours.

Key levels

Support levels: 0.9924, 0.9886, 0.9853, 0.9819, 0.9782, 0.9744.

Resistance levels: 0.9948, 0.9985, 1.0025, 1.0058, 1.0096.

Trading tips

Short positions may be opened from the current level with target at 0.9880 and stop-loss at 0.9975. Implementation period: 1 day.

Long positions may be opened from the level of 0.9955 with target at 1.0025 and stop-loss at 1.0005. Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.96850.9682525

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.9944
Take Profit0.9880
Stop Loss0.9975
Support levels0.9744, 0.9782, 0.9819, 0.9853, 0.9886, 0.9924, 0.9948, 0.9985, 1.0025, 1.0058, 1.0096

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9960
Take Profit1.0025
Stop Loss1.0005
Support levels0.9744, 0.9782, 0.9819, 0.9853, 0.9886, 0.9924, 0.9948, 0.9985, 1.0025, 1.0058, 1.0096
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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