USD/CHF, D1

On the daily chart, the instrument is trying to consolidate above the moving average of Bollinger Bands. Significant resistance level is 1.0000. The indicator is reversing downwards, and the price range has widened slightly, which is the reason for the decline in the pair. MACD histogram is being corrected in the neutral zone, the signal to enter the market is not formed. Stochastic does not give a clear signal to enter the market.

USD/CHF, H4

On the 4-hour chart, the instrument consolidated below the middle line of Bollinger bands. The key resistance level is 0.9967. The indicator is directed horizontally, and the price range has narrowed, indicating a change in the current trend within the intraday correction. MACD histogram is at the zero line and does not give a signal to open positions. Stochastic entered the oversold area, a signal to open buy positions can be formed during the day.

Key levels

Resistance levels: 1.0000, 1.0041, 1.0069, 1.0087, 1.0121.

Support levels: 0.9930, 0.9906, 0.9877, 0.9848, 0.9799, 0.9760.

Trading tips

Long positions can be opened above the level of 0.9975 with the target at 1.0020 and stop loss 0.9960. Implementation period: 1 day.

Short positions can be opened below the level of 0.9950 with the target at 0.9905 and stop loss 0.9965. Implementation period: 1–2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.993120.9928725

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point0.9980
Take Profit1.0020
Stop Loss0.9960
Support levels0.9760, 0.9799, 0.9848, 0.9877, 0.9906, 0.9930, 1.0000, 1.0041, 1.0069, 1.0087, 1.0121

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9945
Take Profit0.9905
Stop Loss0.9965
Support levels0.9760, 0.9799, 0.9848, 0.9877, 0.9906, 0.9930, 1.0000, 1.0041, 1.0069, 1.0087, 1.0121
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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