USD/CHF: technical analysis
17 January 2019, 09:47
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 0.9915 |
| Take Profit | 0.9965 |
| Stop Loss | 0.9890 |
| Key Levels | 0.9668, 0.9725, 0.9785, 0.9819, 0.9858, 0.9934, 1.0003, 1.0038 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.9885 |
| Take Profit | 0.9818 |
| Stop Loss | 0.9915 |
| Key Levels | 0.9668, 0.9725, 0.9785, 0.9819, 0.9858, 0.9934, 1.0003, 1.0038 |
USD/CHF, D1
On D1 chart the pair has consolidated in the upper part of Bollinger Bands and continues rising. Bollinger Bands are directed horizontally and the price range remains unchanged which serves as a basis for the continuation of the current trend. MACD histogram is in the negative zone keeping a weak sale signal. Stochastic has entered the overbought area; a strong sale signal can be formed during the week.
USD/CHF, H4
On H4 chart the pair is strengthening along the upper Bollinger Band. The indicator reversed upwards, and the price range has widened, pointing to the further strengthening of the pair. MACD is keeping a stable purchase signal. Stochastic has entered the overbought area.
Key levels
Resistance levels: 0.9934, 1.0003, 1.0038.
Support levels: 0.9858, 0.9819, 0.9785, 0.9725, 0.9668.
Trading tips
Long positions may be opened from the current level with target at 0.9965 and stop loss at 0.9890. Implementation period: 1-2 days.
Short positions may be opened below the level of 0.9890 with target at 0.9818 and stop loss at 0.9915. Implementation period: 1-3 days.
On D1 chart the pair has consolidated in the upper part of Bollinger Bands and continues rising. Bollinger Bands are directed horizontally and the price range remains unchanged which serves as a basis for the continuation of the current trend. MACD histogram is in the negative zone keeping a weak sale signal. Stochastic has entered the overbought area; a strong sale signal can be formed during the week.
USD/CHF, H4
On H4 chart the pair is strengthening along the upper Bollinger Band. The indicator reversed upwards, and the price range has widened, pointing to the further strengthening of the pair. MACD is keeping a stable purchase signal. Stochastic has entered the overbought area.
Key levels
Resistance levels: 0.9934, 1.0003, 1.0038.
Support levels: 0.9858, 0.9819, 0.9785, 0.9725, 0.9668.
Trading tips
Long positions may be opened from the current level with target at 0.9965 and stop loss at 0.9890. Implementation period: 1-2 days.
Short positions may be opened below the level of 0.9890 with target at 0.9818 and stop loss at 0.9915. Implementation period: 1-3 days.
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