USD/CHF, D1

On D1 chart the pair is strengthening along the upper Bollinger Band. The indicator is directed upwards, and the price range is expanded, which is the basis for growth of the pair. MACD started increasing having formed a weak buy signal. Stochastic has entered the overbought area; a strong sell signal can be formed during 1-3 days.

USD/CHF, H4

On the H4 chart, there is a correction of the uptrend. The instrument is trading around the upper border of Bollinger Bands. The indicator is directed upwards, and the price range is expanding, which indicates the continuation of the current trend. MACD histogram is in the positive zone, keeping a strong buy signal. Stochastic has entered the overbought area; a strong sell signal can be generated during the day.

Key levels

Resistance levels: 0.9946, 1.0003, 1.0050.

Support levels: 0.9812, 0.9802, 0.9754, 0.9698, 0.9618.

Trading tips

Long positions may be opened from the current level with target at 1.0000 and stop loss at 0.9907. Implementation period: 1 day.

Short positions may be opened below 0.9907 with target at 0.9800 and stop loss at 0.9942. Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
1.00050.9993120

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.9937
Take Profit1.0000
Stop Loss0.9907
Support levels0.9618, 0.9698, 0.9754, 0.9802, 0.9812, 0.9946, 1.0003, 1.0050

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9900
Take Profit0.9800
Stop Loss0.9942
Support levels0.9618, 0.9698, 0.9754, 0.9802, 0.9812, 0.9946, 1.0003, 1.0050
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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