USD/CHF, D1

On D1 chart the pair is trading in the lower part of Bollinger Bands. The indicator reverses downwards, and the price range has expanded slightly, which is the basis for the further decline of the pair. MACD histogram is correcting in the neutral zone, the signal for entering the market is not formed. Stochastic does not give a clear signal for opening positions.

USD/CHF, H4

On the H4 chart, the instrument corrected to the bottom line of Bollinger Bands. The key support level is 0.9916. The indicator is directed horizontally, and the price range is expanding, which indicates the continuation of the downtrend. MACD histogram started declining having formed a sell signal. Stochastic left the oversold area, having formed a strong signal to open long positions.

Key levels

Resistance levels: 0.9961, 1.0007, 1.0041, 1.0067, 1.0091, 1.0126.

Support levels: 0.9915, 0.9893, 0.9877, 0.9848.

Trading tips

Short positions may be opened below 0.9910 with target at 0.9835 and stop loss at 0.9950. Implementation time: 1-3 days.

Long positions may be opened above 0.9950 with target at 0.9990 and stop loss at 0.9935. Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.992880.9926226

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.9905
Take Profit0.9835
Stop Loss0.9950
Support levels0.9848, 0.9877, 0.9893, 0.9915, 0.9961, 1.0007, 1.0041, 1.0067, 1.0091, 1.0126

Alternative scenario

RecommendationsBUY STOP
Entry Point0.9955
Take Profit0.9990
Stop Loss0.9935
Support levels0.9848, 0.9877, 0.9893, 0.9915, 0.9961, 1.0007, 1.0041, 1.0067, 1.0091, 1.0126
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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