USD/CHF, D1

D1 chart shows the correction of the uptrend. The instrument tries to gain a foothold above the moving average of Bollinger Bands. The indicator is horizontal, and the price range remains unchanged, which indicates the further corrective dynamics. MACD histogram is at the zero level. Stochastic does not give clear signal for entering the market.

USD/CHF, H4

On the H4 chart the instrument is testing a resistance level of 0.9950. Bollinger Bands are reversing downwards, while the price range remains unchanged, which indicates an early change of the current trend. MACD histogram is in the positive zone keeping a weak buy signal. Stochastic is correcting in the neutral area, there is no signal for entering the market.

Key levels

Resistance levels: 0.9953, 0.9972, 1.0001, 1.0026, 1.0050.

Support levels: 0.9925, 0.9904, 0.9870, 0.9828, 0.9790.

Trading tips

Long positions may be opened above 0.9975 with target at 1.0035 and stop loss at 0.9950.

Short positions may be opened below the level of 0.9918 with target at 0.9855 and stop loss at 0.9935.

Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.996930.9966429

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point0.9980
Take Profit1.0035
Stop Loss0.9950
Support levels0.9790, 0.9828, 0.9870, 0.9904, 0.9925, 0.9953, 0.9972, 1.0001, 1.0026, 1.0050

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9910
Take Profit0.9855
Stop Loss0.9935
Support levels0.9790, 0.9828, 0.9870, 0.9904, 0.9925, 0.9953, 0.9972, 1.0001, 1.0026, 1.0050
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