USD/CHF: technical analysis
15 February 2019, 10:25
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 1.0030 |
| Take Profit | 0.9990, 0.9945 |
| Stop Loss | 1.0050 |
| Key Levels | 0.9945, 0.9990, 1.0030, 1.0100, 1.0130, 1.0185 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 1.0130 |
| Take Profit | 1.0185 |
| Stop Loss | 1.0100 |
| Key Levels | 0.9945, 0.9990, 1.0030, 1.0100, 1.0130, 1.0185 |
USD/CHF, D1
On the daily chart, the pair is correcting down from the upper line of the Bollinger Bands. The price remains above its moving averages that start turning up. The RSI is falling, having bounced off the border of the overbought zone. The Composite is testing from above its longer MA.
USD/CHF, H4
On the 4-hour chart, the pair is trading in the lower Bollinger band. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is falling, having broken down its longer MA. The Composite is approaching its strong support.
Key levels
Support levels: 1.0030 (local lows), 0.9990 (January highs), 0.9945 (local lows).
Resistance levels: 1.0100 (local highs), 1.0130 (November 2018 highs), 1.0185 (January 2015 highs).
Trading tips
The price is testing its short-term ascending trendline. Its breakdown would lead to a fall continuation.
Short positions can be opened from the level of 1.0030 with targets at 0.9990, 0.9945 and stop-loss at 1.0050. Validity – 3-5 days.
Long positions can be opened from the level of 1.0130 with the target at 1.0185 and stop-loss at 1.0100. Validity – 3-5 days.
On the daily chart, the pair is correcting down from the upper line of the Bollinger Bands. The price remains above its moving averages that start turning up. The RSI is falling, having bounced off the border of the overbought zone. The Composite is testing from above its longer MA.
USD/CHF, H4
On the 4-hour chart, the pair is trading in the lower Bollinger band. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is falling, having broken down its longer MA. The Composite is approaching its strong support.
Key levels
Support levels: 1.0030 (local lows), 0.9990 (January highs), 0.9945 (local lows).
Resistance levels: 1.0100 (local highs), 1.0130 (November 2018 highs), 1.0185 (January 2015 highs).
Trading tips
The price is testing its short-term ascending trendline. Its breakdown would lead to a fall continuation.
Short positions can be opened from the level of 1.0030 with targets at 0.9990, 0.9945 and stop-loss at 1.0050. Validity – 3-5 days.
Long positions can be opened from the level of 1.0130 with the target at 1.0185 and stop-loss at 1.0100. Validity – 3-5 days.
No comments:
Write comments