USD/CHF, D1

On the daily chart, the instrument tests the lower border of Bollinger bands. The indicator is directed horizontally, and the price range has insignificantly expanded, which indicates the continuation of the downward trend. MACD histogram does not give a clear signal for entering the market. Stochastic is preparing to enter the oversold area.

USD/CHF, H4

On the 4-hour chart, the instrument tries to consolidate below the strong support level of 0.9880. Bollinger bands are reversing downwards, and the price range has expanded significantly, which indicates a further decline in the pair. MACD histogram is in the negative zone, holding a strong buy signal. Stochastic entered the oversold zone, a strong signal for purchase can be formed in the next few hours.

Key Levels

Resistance levels: 0.9920, 0.9940, 0.9968, 0.9992, 1.0023, 1.0055.

Support levels: 0.9793, 0.9825, 0.9856, 0.9880.

Trading tips

Short positions can be opened below 0.9870 with the target at 0.9825 and stop loss 0.9885.

Long positions can be opened above the level of 0.9892 with the target at 0.9940 and stop loss 0.9870.

Implementation period: 1–2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.994430.9941825

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.9865
Take Profit0.9825
Stop Loss0.9885
Support levels0.9793, 0.9825, 0.9856, 0.9880, 0.9920, 0.9940, 0.9968, 0.9992, 1.0023, 1.0055

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9895
Take Profit0.9940
Stop Loss0.9870
Support levels0.9793, 0.9825, 0.9856, 0.9880, 0.9920, 0.9940, 0.9968, 0.9992, 1.0023, 1.0055
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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