USD/CHF: technical analysis
10 June 2019, 12:22
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL |
| Entry Point | 0.9908 |
| Take Profit | 0.9855 |
| Stop Loss | 0.9935 |
| Key Levels | 0.9809, 0.9853, 0.9883, 0.9900, 0.9915, 0.9960, 0.9980, 1.0008, 1.0023, 1.0053 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 0.9980 |
| Take Profit | 1.0050 |
| Stop Loss | 0.9950 |
| Key Levels | 0.9809, 0.9853, 0.9883, 0.9900, 0.9915, 0.9960, 0.9980, 1.0008, 1.0023, 1.0053 |
USD/CHF, H4
On the H4 chart, the instrument corrected to the center line of Bollinger Bands, the downtrend is still in force. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is in the neutral area, and the lines of the oscillator reversed upwards.
USD/CHF, D1
On the D1 chart, the instrument is declining along the lower border of Bollinger Bands, and the price range is widened. MACD histogram is in the negative zone increasing its volume; the signal line is crossing the zero level and the body of the histogram from above, forming a signal to open short positions. Stochastic is on the border of the neutral zone with the oversold zone, the oscillator signal line is reversing upwards.
Key levels
Resistance levels: 0.9915, 0.9960, 0.9980, 1.0008, 1.0023, 1.0053.
Support levels: 0.9900, 0.9883, 0.9853, 0.9809.
Trading tips
Short positions may be opened from the current level with target at 0.9855 and stop loss at 0.9935.
Long positions may be opened from 0.9980 with target at 1.0050. Stop loss — 0.9950.
Implementation time: 1-3 days.
On the H4 chart, the instrument corrected to the center line of Bollinger Bands, the downtrend is still in force. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is in the neutral area, and the lines of the oscillator reversed upwards.
USD/CHF, D1
On the D1 chart, the instrument is declining along the lower border of Bollinger Bands, and the price range is widened. MACD histogram is in the negative zone increasing its volume; the signal line is crossing the zero level and the body of the histogram from above, forming a signal to open short positions. Stochastic is on the border of the neutral zone with the oversold zone, the oscillator signal line is reversing upwards.
Key levels
Resistance levels: 0.9915, 0.9960, 0.9980, 1.0008, 1.0023, 1.0053.
Support levels: 0.9900, 0.9883, 0.9853, 0.9809.
Trading tips
Short positions may be opened from the current level with target at 0.9855 and stop loss at 0.9935.
Long positions may be opened from 0.9980 with target at 1.0050. Stop loss — 0.9950.
Implementation time: 1-3 days.
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