Technical analysis USDCHF for 16.10.2024
16.10.2024 16:29
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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. The closest support is the level 0.86200. The closest resistance is the level 0.86475
Key levels
- 0.86850, 0.86475, 0.86200, 0.86075, 0.85750
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.86200, with Take Profit of 0.86475 and Stop Loss of 0.86075
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 0.86075, with Take Profit of 0.85750 and Stop Loss of 0.86200
Scenario
Recommendation
BUY LIMIT
Entry Point
0.86200
Take Profit
0.86475
Stop Loss
0.86075
Key Levels
0.86850, 0.86475, 0.86200, 0.86075, 0.85750
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86075
Take Profit
0.85750
Stop Loss
0.86200