USD/CHF, D1

In the D1 chart the pair is approaching the moving average of Bollinger Bands from below. The key resistance level is 0.9790. The indicator is directed downwards, and the price range remains spacious enough, reflecting the change of the trend. MACD histogram is in the negative zone keeping a strong sell signal. Stochastic is approaching the oversold area, both lines are directed upwards.

USD/CHF, H4

In the H4 chart the instrument is correcting near the upper line of Bollinger Bands. The indicator is reversing upwards, and the price range is expanding, which is the basis for further strengthening of the pair. MACD histogram is in the positive zone maintaining the buy signal. Stochastic is about to leave the overbought area, a strong sell signal can be formed in the next few hours.

Key levels

Resistance levels: 0.9770, 0.9812, 0.9857, 0.9900, 0.9954.

Support levels: 0.9711, 0.9667, 0.9630, 0.9594.

Trading tips

Short positions may be opened from the current level with target at 0.9640 and stop loss at 0.9770.

Long positions may be opened above 0.9775 with target at 0.9867 and stop loss at 0.9740.

Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
1.00050.9993120

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.9738
Take Profit0.9640
Stop Loss0.9770
Support levels0.9594, 0.9630, 0.9667, 0.9711, 0.9770, 0.9812, 0.9857, 0.9900, 0.9954

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9780
Take Profit0.9867
Stop Loss0.9740
Support levels0.9594, 0.9630, 0.9667, 0.9711, 0.9770, 0.9812, 0.9857, 0.9900, 0.9954
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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