USD/CHF: technical analysis
14 January 2019, 09:25
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 0.9836 |
| Take Profit | 0.9965 |
| Stop Loss | 0.9785 |
| Key Levels | 0.9817, 0.9786, 0.9752, 0.9726, 0.9696, 0.9850, 0.9875, 0.9914, 0.9965, 1.0007 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.9790 |
| Take Profit | 0.9725 |
| Stop Loss | 0.9815 |
| Key Levels | 0.9817, 0.9786, 0.9752, 0.9726, 0.9696, 0.9850, 0.9875, 0.9914, 0.9965, 1.0007 |
USD/CHF, D1
On the daily chart, the instrument tests the resistance level of 0.9850. The key resistance is the level of 0.9875, the breakout of which will be a strong signal for opening long positions. Bollinger bands are directed downwards, and the price range is expanding, which is the basis for the continuation of the current trend. MACD histogram is in the negative zone, keeping a sell signal. Stochastic is approaching the overbought zone.
USD/CHF, H4
On the 4-hour chart, the upward trend is in the correction. The instrument is trading at the top of Bollinger bands. Bollinger bands are reversing upwards, and the price range expands, indicating a further strengthening of the pair. MACD histogram is corrected in the neutral area, its volumes slightly increased, forming a weak buy signal. Stochastic does not give a clear signal to enter the market.
Key levels
Resistance levels: 0.9850, 0.9875, 0.9914, 0.9965, 1.0007.
Support levels: 0.9696, 0.9726, 0.9752, 0.9786, 0.9817.
Trading tips
Long positions can be opened from the current level with the target at 0.9965 and stop loss 0.9785.
Short positions can be opened below the level of 0.9795 with the target at 0.9725 and stop loss 0.9815.
Implementation period: 1–3 days.
On the daily chart, the instrument tests the resistance level of 0.9850. The key resistance is the level of 0.9875, the breakout of which will be a strong signal for opening long positions. Bollinger bands are directed downwards, and the price range is expanding, which is the basis for the continuation of the current trend. MACD histogram is in the negative zone, keeping a sell signal. Stochastic is approaching the overbought zone.
USD/CHF, H4
On the 4-hour chart, the upward trend is in the correction. The instrument is trading at the top of Bollinger bands. Bollinger bands are reversing upwards, and the price range expands, indicating a further strengthening of the pair. MACD histogram is corrected in the neutral area, its volumes slightly increased, forming a weak buy signal. Stochastic does not give a clear signal to enter the market.
Key levels
Resistance levels: 0.9850, 0.9875, 0.9914, 0.9965, 1.0007.
Support levels: 0.9696, 0.9726, 0.9752, 0.9786, 0.9817.
Trading tips
Long positions can be opened from the current level with the target at 0.9965 and stop loss 0.9785.
Short positions can be opened below the level of 0.9795 with the target at 0.9725 and stop loss 0.9815.
Implementation period: 1–3 days.
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