USD/CHF, D1

On the daily chart, the instrument grows along the upper border of Bollinger band. The indicator is directed upwards, and the price range has expanded, indicating a further strengthening of the instrument. MACD histogram is corrected in the neutral zone, an entry signal is not formed. Stochastic entered the oversold area, a strong sell signal can be formed within 1–3 days.

USD/CHF, H4

On the 4-hour chart, the instrument is trying to consolidate above the strong resistance level of 0.9850. Bollinger bands are directed upwards, and the price range has slightly decreased, which indicates a correction in an upward trend. MACD histogram is in the positive zone, holding a strong buy signal. Stochastic left the overbought area, forming a sell signal.

Key levels

Resistance Levels: 0.9853, 0.9891, 0.9940, 0.9975, 1.0005.

Support levels: 0.9822, 0.9780, 0.9740, 0.9700, 0.9658.

Trading tips

Long positions can be opened from the current level with the target at 0.9980 and stop loss 0.9775. Implementation period: 2–3 days.

Short positions can be opened below the level of 0.9775 with the target at 0.9700 and stop loss 0.9805. Implementation period: 1–3 days.

US Dollar vs Swiss Franc

BuySellSpread
1.00050.9993120

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.9835
Take Profit0.9980
Stop Loss0.9775
Support levels0.9658, 0.9700, 0.9740, 0.9780, 0.9822, 0.9853, 0.9891, 0.9940, 0.9975, 1.0005

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9770
Take Profit0.9700
Stop Loss0.9805
Support levels0.9658, 0.9700, 0.9740, 0.9780, 0.9822, 0.9853, 0.9891, 0.9940, 0.9975, 1.0005
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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