USD/CHF, D1

On the daily chart, the instrument consolidated above the upper border of Bollinger bands. The indicator is directed upwards, and the price range has widened significantly, which indicates a continuation of the upward trend. MACD histogram is in the positive zone, keeping a buy signal. Stochastic entered the overbought area, a strong sell signal can be formed within 1–2 days.

USD/CHF, H4

On the 4-hour chart, the instrument is in the correction towards the upper border of Bollinger bands, which is the key resistance level. The indicator is directed upwards, and the price range is expanding, which is the basis for further growth of the pair. MACD histogram is in the positive zone, keeping a buy signal. Stochastic is preparing to leave the overbought area, a sell signal can be formed within 1–2 days.

Key levels

Resistance levels: 1.0065, 1.0094, 1.0155.

Support levels: 1.0014, 0.9963, 0.9910, 0.9839, 0.9766.

Trading tips

Long positions can be opened above the level of 1.0070 with the target at 1.0155 and stop loss 1.0040. Implementation period: 1–2 days.

Short positions can be opened below 1.0035 with the target at 0.9950 and stop loss 1.0065. Implementation period: 2–3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.993180.9929127

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point1.0075
Take Profit1.0155
Stop Loss1.0040
Support levels0.9766, 0.9839, 0.9910, 0.9963, 1.0014, 1.0065, 1.0094, 1.0155

Alternative scenario

RecommendationsSELL STOP
Entry Point1.0030
Take Profit0.9950
Stop Loss1.0065
Support levels0.9766, 0.9839, 0.9910, 0.9963, 1.0014, 1.0065, 1.0094, 1.0155
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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