Technical analysis USDCHF for 14.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines

Key levels

0.84400, 0.85300, 0.85900, 0.86900, 0.87400

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 0.85900, with Take Profit of 0.87400 and Stop Loss of 0.85300

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 0.86900, with Take Profit of 0.84400 and Stop Loss of 0.87400