USD/CHF, D1
On D1 chart, the instrument returned to decline after a short-term correction; the pair is traded between the middle and lower lines of Bollinger Bands. MACD histogram is in the negative zone, the signal line is crossing its body from below, which is the signal for the opening of short orders.
USD/CHF, H4
On H4 chart, the downtrend is still in effect, the instrument is declining to the lower border of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal.
Key levels
Support levels: 0.9676, 0.9651, 0.9615, 0.9600.
Resistance levels: 0.9717, 0.9744, 0.9766, 0.9807, 0.9865.
Trading tips
According to technical indicators, short positions could be opened from the current level with the target at 0.9615 and stop loss at 0.9740. Implementation time: 1-3 days.
Long positions may be opened from the level of 0.9770 with the target at 0.9870 and stop loss at 0.9740. Implementation time: 3-5 days.
Trade
Scenario
Timeframe Intraday
Recommendation SELL
Entry Point 0.9697
Take Profit 0.9615
Stop Loss 0.9740
Key Levels 0.9600, 0.9615, 0.9651, 0.9676, 0.9717, 0.9744, 0.9766, 0.9807, 0.9865
Alternative scenario
Recommendation BUY STOP
Entry Point 0.9770
Take Profit 0.9870
Stop Loss 0.9740
Key Levels 0.9600, 0.9615, 0.9651, 0.9676, 0.9717, 0.9744, 0.9766, 0.9807, 0.9865
On D1 chart, the instrument returned to decline after a short-term correction; the pair is traded between the middle and lower lines of Bollinger Bands. MACD histogram is in the negative zone, the signal line is crossing its body from below, which is the signal for the opening of short orders.
USD/CHF, H4
On H4 chart, the downtrend is still in effect, the instrument is declining to the lower border of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal.
Key levels
Support levels: 0.9676, 0.9651, 0.9615, 0.9600.
Resistance levels: 0.9717, 0.9744, 0.9766, 0.9807, 0.9865.
Trading tips
According to technical indicators, short positions could be opened from the current level with the target at 0.9615 and stop loss at 0.9740. Implementation time: 1-3 days.
Long positions may be opened from the level of 0.9770 with the target at 0.9870 and stop loss at 0.9740. Implementation time: 3-5 days.
Trade
Scenario
Timeframe Intraday
Recommendation SELL
Entry Point 0.9697
Take Profit 0.9615
Stop Loss 0.9740
Key Levels 0.9600, 0.9615, 0.9651, 0.9676, 0.9717, 0.9744, 0.9766, 0.9807, 0.9865
Alternative scenario
Recommendation BUY STOP
Entry Point 0.9770
Take Profit 0.9870
Stop Loss 0.9740
Key Levels 0.9600, 0.9615, 0.9651, 0.9676, 0.9717, 0.9744, 0.9766, 0.9807, 0.9865