USD/CHF, D1

On the daily chart, the instrument is trading at the lower border of Bollinger bands, which is the key resistance level. The indicator reversed sideways, and the price range remains wide, which is the basis for further reduction of the pair. MACD histogram is in the positive zone, its volumes are reduced, a weak buy signal is still relevant. Stochastic is preparing to leave the oversold area, a buy signal can be formed during the day.

USD/CHF, H4

On the 4-hour chart, a downward trend correction is observed. The key support is the level of 0.9931. Bollinger bands are directed downwards, and the price range remains wide, indicating a decline in the pair. MACD histogram is in the negative zone, keeping a strong sell signal. Stochastic left the overbought area, forming a signal to open short positions.

Key levels

Resistance levels: 0.9973, 1.0020, 1.0068, 1.0120, 1.0154.

Support levels: 0.9931, 0.9881, 0.9840, 0.9790, 0.9750.

Trading tips

Short positions can be opened from the current level with the target at 0.9880 and stop loss 0.9980. Implementation period: 1–2 days.

Long positions can be opened above the level of 0.9975 with the target at 1.0040 and stop loss 0.9950. Implementation period: 1–3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.998710.99727144

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.9950
Take Profit0.9880
Stop Loss0.9980
Support levels0.9750, 0.9790, 0.9840, 0.9881, 0.9931, 0.9973, 1.0020, 1.0068, 1.0120, 1.0154

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9980
Take Profit1.0040
Stop Loss0.9950
Support levels0.9750, 0.9790, 0.9840, 0.9881, 0.9931, 0.9973, 1.0020, 1.0068, 1.0120, 1.0154
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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