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 indicates further correction. The key support level is 0.9880. MACD histogram is correcting in the neutral zone, the signal for entering the market is not formed. Stochastic does not give clear signal for entering the market.

USD/CHF, H4

On the H4 chart the instrument is testing the lower boundary of Bollinger Bands. The indicator is directed upwards, while the price range has decreased, which indicates a change in the current trend. MACD histogram began declining and its volumes decreased insignificantly having formed a sell signal. Stochastic is about to leave the oversold area, the signal for entering the market can be formed in the next few hours.

Key levels

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

Resistance levels: 0.9924, 0.9947, 0.9985, 1.0025, 1.0058.

Trading tips

Short positions may be opened below the level of 0.9880 with target at 0.9820 and stop-loss at 0.9908. Implementation period: 1 day.

Long positions may be opened above the level of 0.9945 with the target at 1.0000 and stop-loss at 0.9920. Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.994920.9946725

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.9875
Take Profit0.9820
Stop Loss0.9908
Support levels0.9744, 0.9782, 0.9819, 0.9853, 0.9886, 0.9924, 0.9947, 0.9985, 1.0025, 1.0058

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9950
Take Profit1.0000
Stop Loss0.9920
Support levels0.9744, 0.9782, 0.9819, 0.9853, 0.9886, 0.9924, 0.9947, 0.9985, 1.0025, 1.0058
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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