USD/CHF, D1

On the D1 chart, the pair is strengthening in the upper part of Bollinger Bands. The indicator is directed upwards, and the price range expanded, indicating further growth of the pair. MACD histogram is in the positive zone keeping a buy signal. Stochastic has entered the oversold area; a strong sell signal can be formed during 2-3 days.

USD/CHF, H4

On the H4 chart, the instrument is testing the upper boundary of Bollinger Bands. The indicator is directed horizontally and the price range expanded, which serves as a basis for continuing uptrend. MACD histogram is in positive zone, keeping the buy signal. Stochastic is about to leave the overbought area; a sell signal can be formed during the day.

Support and resistance

Resistance levels: 0.9959, 1.0003, 1.0035, 1.0060.

Support levels: 0.9916, 0.9883, 0.9841, 0.9804, 0.9760, 0.9706.

Trading tips

Long positions may be opened from the current level with target at 1.0030 and stop loss at 0.9915. Implementation period: 1-3 days.

Short positions may be opened below 0.9910 with target at 0.9840 and stop loss at 0.9940. Implementation period: 2-3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.993170.9929126

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.9937
Take Profit1.0030
Stop Loss0.9915
Support levels0.9706, 0.9760, 0.9804, 0.9841, 0.9883, 0.9916, 0.9959, 1.0003, 1.0035, 1.0060

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9905
Take Profit0.9840
Stop Loss0.9940
Support levels0.9706, 0.9760, 0.9804, 0.9841, 0.9883, 0.9916, 0.9959, 1.0003, 1.0035, 1.0060
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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