USD/CHF, D1

On the daily chart, the instrument could not consolidate above the strong resistance level of 0.9930 and began to decline. Bollinger bands are directed horizontally, and the price range remains limited, reflecting the corrective dynamics of the pair. MACD histogram does not give a clear signal for entering the market. Stochastic is corrected in the neutral area, the signal for opening positions is not formed.

USD/CHF, H4

On the 4-hour chart, the instrument is traded at the bottom of Bollinger bands. The indicator is reversed downwards, and the price range has expanded, which indicates the continuation of the current trend. MACD histogram is corrected at the zero line. Stochastic entered the oversold zone, a strong buy signal can be formed in the next few hours.

Key Levels

Resistance levels: 0.9930, 0.9971, 1.0005, 1.0037, 1.0069.

Support levels: 0.9802, 0.9826, 0.9854, 0.9878, 0.9909.

Trading tips

Short positions can be opened below the level of 0.9905 with the target at 0.9855 and stop loss 0.9925.

Long positions can be opened above the level of 0.9943 with the target at 0.9990 and stop loss 0.9927.

Implementation period: 1–2 days.

US Dollar vs Swiss Franc

BuySellSpread
1.00050.9993120

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.9900
Take Profit0.9855
Stop Loss0.9925
Support levels0.9802, 0.9826, 0.9854, 0.9878, 0.9909, 0.9930, 0.9971, 1.0005, 1.0037, 1.0069

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9950
Take Profit0.9990
Stop Loss0.9927
Support levels0.9802, 0.9826, 0.9854, 0.9878, 0.9909, 0.9930, 0.9971, 1.0005, 1.0037, 1.0069
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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