USD/CHF: technical analysis
17 July 2019, 10:54
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 0.9860 |
| Take Profit | 0.9816 |
| Stop Loss | 0.9890 |
| Key Levels | 0.9816, 0.9843, 0.9866, 0.9893, 0.9907, 0.9931, 0.9950 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 0.9910 |
| Take Profit | 0.9950 |
| Stop Loss | 0.9880 |
| Key Levels | 0.9816, 0.9843, 0.9866, 0.9893, 0.9907, 0.9931, 0.9950 |
USD/CHF, H4
On the 4-hour chart, the instrument trades within the sideways channel formed by the borders of Bollinger bands, the indicator cloud is narrowed. The MACD histogram is in the negative region, its volumes are minimal, the signal to sell weakens. Stochastic moves horizontally along the border of the overbought zone, without forming a clear signal to enter the market.
USD/CHF, D1
On the daily chart, the downward trend is still in force, there price is in the upward correction, the instrument is trading around the middle line of Bollinger bands, the price range is extended. The MACD histogram is in the negative area, retaining the signal to open sell orders. Stochastic in the neutral zone, the oscillator lines reversed upwards from the border of the oversold zone.
Key levels
Resistance levels: 0.9893, 0.9907, 0.9931, 0.9950.
Support levels: 0.9866, 0.9843, 0.9816.
Trading tips
Short positions can be opened from the level of 0.9860 with the target at 0.9816 and stop loss 0.9890.
Long positions can be opened from the level of 0.9910 with the target at 0.9950. Stop loss is 0.9880.
Implementation period: 1–3 days.
On the 4-hour chart, the instrument trades within the sideways channel formed by the borders of Bollinger bands, the indicator cloud is narrowed. The MACD histogram is in the negative region, its volumes are minimal, the signal to sell weakens. Stochastic moves horizontally along the border of the overbought zone, without forming a clear signal to enter the market.
USD/CHF, D1
On the daily chart, the downward trend is still in force, there price is in the upward correction, the instrument is trading around the middle line of Bollinger bands, the price range is extended. The MACD histogram is in the negative area, retaining the signal to open sell orders. Stochastic in the neutral zone, the oscillator lines reversed upwards from the border of the oversold zone.
Key levels
Resistance levels: 0.9893, 0.9907, 0.9931, 0.9950.
Support levels: 0.9866, 0.9843, 0.9816.
Trading tips
Short positions can be opened from the level of 0.9860 with the target at 0.9816 and stop loss 0.9890.
Long positions can be opened from the level of 0.9910 with the target at 0.9950. Stop loss is 0.9880.
Implementation period: 1–3 days.
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