USD/CHF, D1

On the daily chart, the instrument is trading within a narrow range of 0.9920–0.9950 Bollinger bands were corrected sideways, and the price range slightly narrowed, reflecting the development of the correction. The key support is the level of 0.9905. MACD histogram is corrected in the neutral zone, giving no signal to enter the market. Stochastic does not give a clear signal.

USD/CHF, H4

On the 4-hour chart, the instrument is testing a support at the level of 0.9920. Bollinger bands are directed sideways, while the price range remains unchanged, which indicates the corrective dynamics of the instrument. MACD histogram is in the neutral zone and does not give clear signals for opening positions. Stochastic consolidates in the neutral area.

Support and resistance

Resistance levels: 0.9951, 0.9983, 1.0016, 1.0052.

Support levels: 0.9922, 0.9904, 0.9860, 0.9826, 0.9790.

 

Trading tips

Short positions can be opened below 0.9904 with the target at 0.9860 and stop loss 0.9942.

Long positions can be opened above the level of 0.9955 with the target at 1.0000 and stop loss 0.9915.

Implementation period: 1–2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.995130.9948726

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.9900
Take Profit0.9860
Stop Loss0.9942
Support levels0.9790, 0.9826, 0.9860, 0.9904, 0.9922, 0.9951, 0.9983, 1.0016, 1.0052

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9960
Take Profit1.0000
Stop Loss0.9915
Support levels0.9790, 0.9826, 0.9860, 0.9904, 0.9922, 0.9951, 0.9983, 1.0016, 1.0052
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.

Start Trading
Follow us in social networks!
Live Chat
Leave feedback