USD/CHF, D1

On the daily chart, the instrument is trading within the lower part of Bollinger bands near a local minimum. The indicator is directed downwards, and the price range is narrowed, indicating a further decline within the correction. MACD histogram is in the negative zone, holding the sell signal. Stochastic is approaching the oversold area from above.

USD/CHF, H4

On the 4-hour chart, the instrument is falling along the lower border of Bollinger bands. The key support is the level of 0.9636, the breakdown of which will let the pair decline to the levels of 0.9600–0.9550. The indicator is reversing downward, and the price range has widened, which is the basis for the formation of downward dynamics. MACD histogram is in the negative zone, holding the sell signal. Stochastic entered the overbought area, a strong buy signal could be formed in the next few hours.

Key Levels

Resistance levels: 0.9678, 0.9707, 0.9744, 0.9777, 0.9824, 0.9865, 0.9898, 0.9945.

Support levels: 0.9636, 0.9597, 0.9544.

Trading tips

Short positions can be opened below the level of 0.9630 with the target at 0.9544 and stop loss 0.9665. Implementation period: 1–2 days.

Long positions can be opened above the level of 0.9705 with the target at 0.9805 and stop loss 0.9675. Implementation period: 1–3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.964650.9643926

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.9625
Take Profit0.9544
Stop Loss0.9665
Support levels0.9544, 0.9597, 0.9636, 0.9678, 0.9707, 0.9744, 0.9777, 0.9824, 0.9865, 0.9898, 0.9945

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9710
Take Profit0.9805
Stop Loss0.9675
Support levels0.9544, 0.9597, 0.9636, 0.9678, 0.9707, 0.9744, 0.9777, 0.9824, 0.9865, 0.9898, 0.9945
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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