USD/CHF, D1

On the daily chart, the instrument is trading in the lower part of Bollinger bands. The indicator reverses downward, and the price range has slightly widened, indicating a further fall of the pair. MACD histogram is corrected in the neutral area and does not give a clear signal for opening positions. Stochastic entered the oversold area, the buy signal can be formed during the day.

USD/CHF, H4

On the 4-hour chart, the instrument approaches the MA of Bollinger Bands from below. The indicator is turned down, while the price range has decreased, which indicates a change in the current trend. MACD histogram is in the negative area, holding a strong sell signal. Stochastic is preparing to leave the oversold area, the buy signal can be formed in the next few hours.

Key Levels

Resistance levels: 0.9926, 0.9949, 0.9972, 0.9986, 1.0006, 1.0026, 1.0045.

Support levels: 0.9903, 0.9882, 0.9869, 0.9836, 0.9802.

Trading tips

Long positions can be opened above the 0.9927 level with the target at 0.9985 and stop loss 0.9905. Implementation period: 1 day.

Short positions should be opened below 0.9895 with the target at 0.9845 and stop loss 0.9910. Implementation period: 1–2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.996920.9966527

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point0.9930
Take Profit0.9985
Stop Loss0.9905
Support levels0.9802, 0.9836, 0.9869, 0.9882, 0.9903, 0.9926, 0.9949, 0.9972, 0.9986, 1.0006, 1.0026, 1.0045

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9890
Take Profit0.9845
Stop Loss0.9910
Support levels0.9802, 0.9836, 0.9869, 0.9882, 0.9903, 0.9926, 0.9949, 0.9972, 0.9986, 1.0006, 1.0026, 1.0045
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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