USD/CHF: technical analysis
12 December 2018, 10:22
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 0.9905 |
| Take Profit | 0.9835 |
| Stop Loss | 0.9950 |
| Key Levels | 0.9848, 0.9877, 0.9893, 0.9915, 0.9961, 1.0007, 1.0041, 1.0067, 1.0091, 1.0126 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 0.9955 |
| Take Profit | 0.9990 |
| Stop Loss | 0.9935 |
| Key Levels | 0.9848, 0.9877, 0.9893, 0.9915, 0.9961, 1.0007, 1.0041, 1.0067, 1.0091, 1.0126 |
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.
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.
No comments:
Write comments