USD/CHF: technical analysis

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.



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.



Timeframe Intraday
Recommendation BUY STOP
Entry Point 0.9995
Take Profit 1.0080
Stop Loss 0.9960
Key Levels 0.9744, 0.9790, 0.9840, 0.9881, 0.9925, 0.9980, 1.0020, 1.0079, 1.0120, 1.0154


Alternative scenario


Recommendation SELL STOP
Entry Point 0.9945
Take Profit 0.9845
Stop Loss 0.9985
Key Levels 0.9744, 0.9790, 0.9840, 0.9881, 0.9925, 0.9980, 1.0020, 1.0079, 1.0120, 1.0154

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