USD/CHF, D1
On the daily chart, the instrument is trading at the top of the Bollinger Bands. The indicator is directed upwards, and the price range remains unchanged, which is the basis for further strengthening of the pair. The MACD histogram is in the positive zone, keeping a buy signal.
USD/CHF, H4
On the 4-hour chart, a correction of downward trend is observed. The key support is the level of 1.0040. The Bollinger Bands indicator is turning down, and the price range remains wide, confirming the decline in the pair. The MACD histogram is consolidating at the zero level and does not give a clear signal to enter the market.
Key levels
Support levels: 1.0057, 1.0042, 1.0023, 1.0002, 0.9990, 0.9968.
Resistance levels: 1.0074, 1.0092, 1.0110, 1.0129.
Trading tips
Long positions can be opened above the level of 1.0080 with the target at 1.0125 and a stop loss at 1.0068. Implementation period: 1-2 days.
Short positions should be opened below 1.0050 with the target at 1.0010 and a stop loss at 1.0063. Implementation period: 1-2 days.
Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 1.0085
Take Profit 1.0125
Stop Loss 1.0068
Key Levels 0.9968, 0.9990, 1.0002, 1.0023, 1.0042, 1.0057, 1.0074, 1.0092, 1.0110, 1.0129
Alternative scenario
Recommendation SELL STOP
Entry Point 1.0045
Take Profit 1.0010
Stop Loss 1.0063
Key Levels 0.9968, 0.9990, 1.0002, 1.0023, 1.0042, 1.0057, 1.0074, 1.0092, 1.0110, 1.0129
On the daily chart, the instrument is trading at the top of the Bollinger Bands. The indicator is directed upwards, and the price range remains unchanged, which is the basis for further strengthening of the pair. The MACD histogram is in the positive zone, keeping a buy signal.
USD/CHF, H4
On the 4-hour chart, a correction of downward trend is observed. The key support is the level of 1.0040. The Bollinger Bands indicator is turning down, and the price range remains wide, confirming the decline in the pair. The MACD histogram is consolidating at the zero level and does not give a clear signal to enter the market.
Key levels
Support levels: 1.0057, 1.0042, 1.0023, 1.0002, 0.9990, 0.9968.
Resistance levels: 1.0074, 1.0092, 1.0110, 1.0129.
Trading tips
Long positions can be opened above the level of 1.0080 with the target at 1.0125 and a stop loss at 1.0068. Implementation period: 1-2 days.
Short positions should be opened below 1.0050 with the target at 1.0010 and a stop loss at 1.0063. Implementation period: 1-2 days.
Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 1.0085
Take Profit 1.0125
Stop Loss 1.0068
Key Levels 0.9968, 0.9990, 1.0002, 1.0023, 1.0042, 1.0057, 1.0074, 1.0092, 1.0110, 1.0129
Alternative scenario
Recommendation SELL STOP
Entry Point 1.0045
Take Profit 1.0010
Stop Loss 1.0063
Key Levels 0.9968, 0.9990, 1.0002, 1.0023, 1.0042, 1.0057, 1.0074, 1.0092, 1.0110, 1.0129