USD/CHF, D1

In the D1 chart, the instrument is trading around the upper border of Bollinger Bands. The indicator is directed upwards and the price range has reduced, which indicates the change of the uptrend. MACD histogram is in the positive zone keeping a weak buy signal. Stochastic left the oversold zone having formed a sell signal.

USD/CHF, H4

On the H4 chart the instrument is testing a key resistance level of 1.0050. Bollinger Bands are directed upwards, and the price range has increased insignificantly, which indicates the continuation of the uptrend. MACD is keeping a buy signal. Stochastic is about to enter the overbought area, a strong sell signal can be formed during the day.

Key levels

Resistance levels: 1.0050, 1.0076, 1.0099.

Support levels: 1.0020, 0.9991, 0.9950, 0.9906, 0.9870, 0.9844, 0.9782.

Trading tips

Long positions may be opened above 1.0050 with target at 1.0099 and stop loss at 1.0035. Implementation period: 1 day.

Short positions may be opened below 1.0015 with target at 0.9965 and stop loss at 1.0035. Implementation period: 1-2 days.

US Dollar vs Swiss Franc

BuySellSpread
1.013871.0135136

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point1.0055
Take Profit1.0099
Stop Loss1.0035
Support levels0.9782, 0.9844, 0.9870, 0.9906, 0.9950, 0.9991, 1.0020, 1.0050, 1.0076, 1.0099

Alternative scenario

RecommendationsSELL STOP
Entry Point1.0010
Take Profit0.9965
Stop Loss1.0035
Support levels0.9782, 0.9844, 0.9870, 0.9906, 0.9950, 0.9991, 1.0020, 1.0050, 1.0076, 1.0099
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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