USD/CHF, D1

On the daily chart, the instrument is trading at the top of the Bollinger Bands. The indicator is directed upwards, and the price range remains unchanged, which is the basis for further strengthening of the pair. The MACD histogram is in the positive zone, keeping a buy signal. Stochastic does not give a clear signal to enter the market.

USD/CHF, H4

On the 4-hour chart, a correction of downward trend is observed. The key support is the level of 1.0040. The Bollinger Bands indicator is turning down, and the price range remains wide, confirming the decline in the pair. The MACD histogram is consolidating at the zero level and does not give a clear signal to enter the market. The Stochastic is directed sideways in the neutral area, a signal to open positions is not formed.

Key levels

Support levels: 1.0057, 1.0042, 1.0023, 1.0002, 0.9990, 0.9968.

Resistance levels: 1.0074, 1.0092, 1.0110, 1.0129.

Trading tips

Long positions can be opened above the level of 1.0080 with the target at 1.0125 and a stop loss at 1.0068. Implementation period: 1-2 days.

Short positions should be opened below 1.0050 with the target at 1.0010 and a stop loss at 1.0063. Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.998710.99727144

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point1.0085
Take Profit1.0125
Stop Loss1.0068
Support levels0.9968, 0.9990, 1.0002, 1.0023, 1.0042, 1.0057, 1.0074, 1.0092, 1.0110, 1.0129

Alternative scenario

RecommendationsSELL STOP
Entry Point1.0045
Take Profit1.0010
Stop Loss1.0063
Support levels0.9968, 0.9990, 1.0002, 1.0023, 1.0042, 1.0057, 1.0074, 1.0092, 1.0110, 1.0129
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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