USD/CHF, D1

On the D1 chart, the instrument is trading around the upper border of Bollinger Bands. The indicator is directed upwards, and the price range remains wide, which is the basis for the update of local highs in the next 1-2 days. MACD histogram is in the positive zone keeping the buy signal. Stochastic has lost the overbought area having formed the sell signal.

USD/CHF, H4

On the H4 chart, the instrument corrected to the center line of Bollinger Bands, which is a key support level. The indicator is horizontal, and the price range remains unchanged, reflecting that the correctional trend persists. MACD histogram is at the zero level and gives no clear signals for entering the market. Stochastic has entered the overbought area, and a sell signal can be generated during the day.

Support and resistance

Resistance levels: 1.0089, 1.0154, 1.0200.

Support levels: 1.0004, 0.9990, 0.9939, 0.9882, 0.9837, 0.9787.

Trading tips

Long positions may be opened above 1.0050 with target at 1.0095 and stop loss at 1.0030. Implementation time: 1-2 days.

Short positions may be opened below 1.0005 with target at 0.9930 and stop loss at 1.0040. Implementation time: 2-3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.993160.9929125

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point1.0055
Take Profit1.0095
Stop Loss1.0030
Support levels0.9787, 0.9837, 0.9882, 0.9939, 0.9990, 1.0004, 1.0089, 1.0154, 1.0200

Alternative scenario

RecommendationsSELL STOP
Entry Point1.0000
Take Profit0.9930
Stop Loss1.0040
Support levels0.9787, 0.9837, 0.9882, 0.9939, 0.9990, 1.0004, 1.0089, 1.0154, 1.0200
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.

Start Trading
Follow us in social networks!
Live Chat
Leave feedback