USD/CHF, H4
On the H4 chart the instrument is trading in the lower part of Bollinger Bands. The key support level is the lower border of the indicator, the breakdown of which will facilitate the instrument reduction to the range of 0.9840–0.9795. The indicator is directed downwards, and the price range has expanded, which indicates the continuation of the downtrend. MACD is keeping a strong sell signal.
USD/CHF, D1
On the D1 chart, the pair consolidated in the lower part of Bollinger Bands. To confirm the downtrend, the breakdown of 0.9860 is needed. The indicator is reversing downwards and the price range is reduced, which indicates correction of the downtrend. MACD is consolidating at the zero level, confirming the correctional trend.
Key levels
Resistance levels: 0.9907, 0.9930, 0.9965, 0.9997, 1.0024.
Support levels: 0.9882, 0.9838, 0.9791, 0.9752.
Trading tips
Long positions may be opened from the current level with target at 0.9950 and stop loss at 0.9860.
Short positions may be opened below 0.9865 with target at 0.9815 and stop loss at 0.9875.
Implementation time: 1-2 days.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 0.9888
Take Profit 0.9950
Stop Loss 0.9860
Key Levels 0.9752, 0.9791, 0.9838, 0.9882, 0.9907, 0.9930, 0.9965, 0.9997, 1.0024
Alternative scenario
Recommendation SELL STOP
Entry Point 0.9860
Take Profit 0.9815
Stop Loss 0.9875
Key Levels 0.9752, 0.9791, 0.9838, 0.9882, 0.9907, 0.9930, 0.9965, 0.9997, 1.0024
On the H4 chart the instrument is trading in the lower part of Bollinger Bands. The key support level is the lower border of the indicator, the breakdown of which will facilitate the instrument reduction to the range of 0.9840–0.9795. The indicator is directed downwards, and the price range has expanded, which indicates the continuation of the downtrend. MACD is keeping a strong sell signal.
USD/CHF, D1
On the D1 chart, the pair consolidated in the lower part of Bollinger Bands. To confirm the downtrend, the breakdown of 0.9860 is needed. The indicator is reversing downwards and the price range is reduced, which indicates correction of the downtrend. MACD is consolidating at the zero level, confirming the correctional trend.
Key levels
Resistance levels: 0.9907, 0.9930, 0.9965, 0.9997, 1.0024.
Support levels: 0.9882, 0.9838, 0.9791, 0.9752.
Trading tips
Long positions may be opened from the current level with target at 0.9950 and stop loss at 0.9860.
Short positions may be opened below 0.9865 with target at 0.9815 and stop loss at 0.9875.
Implementation time: 1-2 days.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 0.9888
Take Profit 0.9950
Stop Loss 0.9860
Key Levels 0.9752, 0.9791, 0.9838, 0.9882, 0.9907, 0.9930, 0.9965, 0.9997, 1.0024
Alternative scenario
Recommendation SELL STOP
Entry Point 0.9860
Take Profit 0.9815
Stop Loss 0.9875
Key Levels 0.9752, 0.9791, 0.9838, 0.9882, 0.9907, 0.9930, 0.9965, 0.9997, 1.0024