USD/CHF, H4

On the 4-hour chart, the instrument is trading near a strong psychological level of 1.0000. Bollinger bands are directed horizontally, and the price range has decreased, which indicates the continuation of the correction dynamics. The MACD histogram is being corrected at the zero line, the signal to enter the market is not formed. Stochastic does not give a clear signal to open positions.

USD/CHF, D1

On the daily chart, the instrument is trading at the bottom of Bollinger bands. The indicator is directed sideways, and the price range is limited, the further dynamics of the pair depends on the breakdown or breakout of key support and resistance levels. The MACD histogram is being corrected in the neutral zone. Stochastic does not give a clear signal to open positions.

Key levels

Resistance levels: 1.0013, 1.0042, 1.0065, 1.0089.

Support levels: 0.9989, 0.9973, 0.9957, 0.9935.

Trading tips

Short positions can be opened below the level of 0.9989 with the target at 0.9950 and stop loss 1.0003. Implementation period: 1 day.

Long positions can be opened above 1.0005 with a target at 1.0065 and stop loss 0.9980. Implementation period: 1–2 days.

US Dollar vs Swiss Franc

BuySellSpread
0.99350.9931832

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.9980
Take Profit0.9950
Stop Loss1.0003
Support levels0.9935, 0.9957, 0.9973, 0.9989, 1.0013, 1.0042, 1.0065, 1.0089

Alternative scenario

RecommendationsBUY STOP
Entry Point1.0010
Take Profit1.0065
Stop Loss0.9980
Support levels0.9935, 0.9957, 0.9973, 0.9989, 1.0013, 1.0042, 1.0065, 1.0089
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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