USD/CHF, D1

On D1 chart the pair is trading in the lower part of Bollinger Bands. The indicator is directed downwards and the price range reduced insignificantly which indicates further downtrend. MACD histogram is in the negative zone keeping a strong sell signal. Stochastic entered the overbought area; a strong sell signal can be formed in the next few hours.

USD/CHF, H4

On the H4 chart the instrument is trading near the lower line of Bollinger Bands. The key support level is 0.9650. Bollinger Bands reverse downwards, and the price range expanded significantly, indicating further decline of the pair. MACD histogram is in the negative zone keeping a strong sell signal. Stochastic is about to leave the oversold area, a strong buy signal can be formed in 1-2 days.

Key levels

Resistance levels: 0.9711, 0.9769, 0.9827, 0.9865, 0.9896, 0.9943, 0.9982, 1.0037.

Support levels: 0.9880, 0.9856, 0.9680, 0.9652, 0.9600, 0.9536.

Trading tips

Short positions may be opened below 0.9650 with target at 0.9600 and stop loss at 0.9665.

Long positions may be opened above 0.9713 with target at 0.9770 and stop loss at 0.9690.

Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.95890.9577120

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.9645
Take Profit0.9600
Stop Loss0.9665
Support levels0.9536, 0.9600, 0.9652, 0.9680, 0.9856, 0.9880, 0.9711, 0.9769, 0.9827, 0.9865, 0.9896, 0.9943, 0.9982, 1.0037

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9715
Take Profit0.9770
Stop Loss0.9690
Support levels0.9536, 0.9600, 0.9652, 0.9680, 0.9856, 0.9880, 0.9711, 0.9769, 0.9827, 0.9865, 0.9896, 0.9943, 0.9982, 1.0037
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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