USD/CHF, D1

On the daily chart, the upward trend is in the correction. The instrument trades in a limited price range of 0.9900–0.9945. Bollinger bands are directed upwards, and the price range has greatly widened, which is the basis for the growth of the pair. MACD histogram keeps a strong buy signal. Stochastic left the overbought area, forming a strong sell signal.

USD/CHF, H4

On the 4-hour chart, the instrument is trading at the bottom of Bollinger bands. The indicator is directed horizontally, and the price range is limited, which indicates the correctional dynamics of the pair. MACD histogram is in the positive zone, its volumes are falling, a weak buy signal is still relevant. Stochastic is ready to leave the oversold area, a strong buy signal can be formed during the day.

Key levels

Resistance Levels: 0.9921, 0.9944, 1.0003, 1.0050.

Support levels: 0.9903, 0.9853, 0.9802, 0.9746, 0.9670.

Trading tips

Long positions can be opened from the current level with the target at 1.0000 and stop loss 0.9895.

Short positions can be opened below the level of 0.9895 with the target at 0.9800 and stop loss 0.9925.

Implementation period: 1–2 days.

US Dollar vs Swiss Franc

BuySellSpread
1.00050.9993120

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.9923
Take Profit1.0000
Stop Loss0.9895
Support levels0.9670, 0.9746, 0.9802, 0.9853, 0.9903, 0.9921, 0.9944, 1.0003, 1.0050

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9890
Take Profit0.9800
Stop Loss0.9925
Support levels0.9670, 0.9746, 0.9802, 0.9853, 0.9903, 0.9921, 0.9944, 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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