USD/CHF, D1

On the daily chart, the instrument falls along the lower border of Bollinger bands, the price range is extended, which indicates a possible development of the downward movement. MACD histogram is in the negative area, gradually increasing its volumes, the signal line moves horizontally along the zero line. Stochastic is in the oversold zone, the oscillator lines are directed horizontally.

USD/CHF, H4

On the 4-hour chart there is a correction of the downward movement, the instrument is trading near the lower border of Bollinger bands. MACD histogram is in the negative area, keeping the signal to the opening of short positions. Stochastic left the oversold zone, the oscillator lines are directed upwards.

Key Levels

Resistance levels: 0.9773, 0.9784, 0.9809, 0.9845, 0.9866, 0.9894.

Support levels: 0.9744, 0.9700.

Trading tips

Short positions can be opened from the current level with the target at 0.9700 and stop loss 0.9800. Implementation period: 1–3 days.

Long positions can be opened from the level of 0.9810 with the target of 0.9866. Stop loss is 0.9770. Implementation period: 3–5 days.

US Dollar vs Swiss Franc

BuySellSpread
1.00050.9993120

Scenario

TimeframeWeekly
RecommendationsSELL
Entry Point0.9764
Take Profit0.9700
Stop Loss0.9800
Support levels0.9700, 0.9744, 0.9773, 0.9784, 0.9809, 0.9845, 0.9866, 0.9894

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9810
Take Profit0.9866
Stop Loss0.9770
Support levels0.9700, 0.9744, 0.9773, 0.9784, 0.9809, 0.9845, 0.9866, 0.9894
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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