USD/CHF, D1

On D1 chart the pair is strengthening in the lower part of Bollinger Bands. The indicator corrected sideways, and the price range is expanding, which is the basis for further strengthening of the pair. MACD histogram is correcting in the neutral zone, the signal for entering the market is not formed. Stochastic left the oversold zone having formed a buy signal.

USD/CHF, H4

On H4 chart the instrument is trading in a narrow lateral range. The key resistance level is 0.9980. Bollinger Bands are directed horizontally, and the price range remains limited, pointing at the preservation of the correctional trend. MACD histogram is at the zero mark and gives no clear signals for opening positions. Stochastic left the overbought area, having formed a signal to open short positions.

Key levels

Resistance levels: 0.9980, 1.0020, 1.0079, 1.0120, 1.0154.

Support levels: 0.9925, 0.9881, 0.9840, 0.9790, 0.9744.

Trading tips

Long positions may be opened above 0.9991 with target at 1.0080 and stop loss at 0.9960. Implementation time: 1-3 days.

Short positions may be opened below 0.9950 with target at 0.9845 and stop loss at 0.9985. Implementation time: 2-4 days.

US Dollar vs Swiss Franc

BuySellSpread
0.992740.9924925

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point0.9995
Take Profit1.0080
Stop Loss0.9960
Support levels0.9744, 0.9790, 0.9840, 0.9881, 0.9925, 0.9980, 1.0020, 1.0079, 1.0120, 1.0154

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9945
Take Profit0.9845
Stop Loss0.9985
Support levels0.9744, 0.9790, 0.9840, 0.9881, 0.9925, 0.9980, 1.0020, 1.0079, 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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