USD/CHF, D1

On D1 chart, the instrument is traded near the psychological level of 0.9900. Bollinger Bands are directed upwards, and the price range has expanded, indicating the growth of the pair. MACD histogram is in the positive zone keeping a buy signal. Stochastic is correcting in the neutral area.

USD/CHF, H4

On the H4 chart the instrument is testing the moving average of Bollinger Bands. The indicator is directed horizontally and the price range is limited, which serves as a basis for further correction. MACD histogram is at the zero mark and gives no clear signals for entering the market. Stochastic is approaching the oversold area; a buy signal can be formed during 1-2 days.

Key levels

Resistance levels: 0.9944, 0.9968, 1.0000, 1.0047.

Support levels: 0.9903, 0.9870, 0.9829, 0.9788, 0.9756.

Trading tips

Long positions may be opened from the current level with target at 0.9980 and stop loss at 0.9890. Implementation period: 1-2 days.

Short positions may be opened below the level of 0.9850 with target at 0.9755 and stop loss at 0.9890. Implementation period: 1-3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.995040.994824

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.9906
Take Profit0.9980
Stop Loss0.9890
Support levels0.9756, 0.9788, 0.9829, 0.9870, 0.9903, 0.9944, 0.9968, 1.0000, 1.0047

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9845
Take Profit0.9755
Stop Loss0.9890
Support levels0.9756, 0.9788, 0.9829, 0.9870, 0.9903, 0.9944, 0.9968, 1.0000, 1.0047
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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