USD/CHF, D1

On D1 chart, the instrument returned to decline after a short-term correction; the pair is traded between the middle and lower lines of Bollinger Bands. MACD histogram is in the negative zone, the signal line is crossing its body from below, which is the signal for the opening of short orders. Stochastic moved out of the oversold zone and is in the neutral zone now; the oscillator lines are directed upwards.

USD/CHF, H4

On H4 chart, the downtrend is still in effect, the instrument is declining to the lower border of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal. Stochastic has entered the oversold zone, and the lines of the oscillator are reversing upwards.

Key levels

Support levels: 0.9676, 0.9651, 0.9615, 0.9600.

Resistance levels: 0.9717, 0.9744, 0.9766, 0.9807, 0.9865.

Trading tips

According to technical indicators, short positions could be opened from the current level with the target at 0.9615 and stop loss at 0.9740. Implementation time: 1-3 days.

Long positions may be opened from the level of 0.9770 with the target at 0.9870 and stop loss at 0.9740. Implementation time: 3-5 days.

US Dollar vs Swiss Franc

BuySellSpread
1.00050.9993120

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.9697
Take Profit0.9615
Stop Loss0.9740
Support levels0.9600, 0.9615, 0.9651, 0.9676, 0.9717, 0.9744, 0.9766, 0.9807, 0.9865

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9770
Take Profit0.9870
Stop Loss0.9740
Support levels0.9600, 0.9615, 0.9651, 0.9676, 0.9717, 0.9744, 0.9766, 0.9807, 0.9865
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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