USD/CHF, D1

On the daily chart, the instrument is in the correction in the upper part of Bollinger bands. The indicator is reversing downwards, and the price range has narrowed significantly, indicating the reversal of the upward trend into a downward one. MACD histogram is in the positive zone, keeping a buy signal. Stochastic is preparing to leave the overbought area, a strong sell signal can be formed within 2–3 days.

USD/CHF, H4

On the 4-hour chart, the instrument consolidates within a limited price range. The nearest support level is 0.9950. The key resistance is the level of 0.9978. Further dynamics depends on the breakdown or the breakout of one of them. Bollinger bands are directed horizontally, and the price range is limited, reflecting a continuation of the correction. MACD histogram is in the positive zone, keeping a buy signal. Stochastic does not give signals to enter the market.

Key levels

Resistance levels: 0.9978, 1.0023, 1.0063, 1.0094.

Support levels: 0.9950, 0.9912, 0.9855, 0.9806, 0.9755, 0.9702, 0.9661.

Trading tips

Long positions can be opened above the level of 0.9980 with the target at 1.0037 and stop loss 0.9960. Implementation period: 1–2 days.

Short positions can be opened below the level of 0.9945 with the target at 0.9885 and stop loss 0.9970. Implementation period: 1–3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.998710.99727144

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point0.9985
Take Profit1.0037
Stop Loss0.9960
Support levels0.9661, 0.9702, 0.9755, 0.9806, 0.9855, 0.9912, 0.9950, 0.9978, 1.0023, 1.0063, 1.0094

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9940
Take Profit0.9885
Stop Loss0.9970
Support levels0.9661, 0.9702, 0.9755, 0.9806, 0.9855, 0.9912, 0.9950, 0.9978, 1.0023, 1.0063, 1.0094
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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