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AUD/USD: technical analysis 15 November 2019, 12:22

AUD/USD: technical analysis 15 November 2019, 12:22 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 0...

Nov 6, 2019

USD/CHF: technical analysis 06 November 2019, 12:04


Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 0.9929
Take Profit 0.9990
Stop Loss 0.9900
Key Levels 0.9776, 0.9813, 0.9836, 0.9864, 0.9890, 0.9910, 0.9943, 0.9965, 0.9989, 1.0011
Alternative scenario
Recommendation SELL STOP
Entry Point 0.9895
Take Profit 0.9845
Stop Loss 0.9915
Key Levels 0.9776, 0.9813, 0.9836, 0.9864, 0.9890, 0.9910, 0.9943, 0.9965, 0.9989, 1.0011
USD/CHF, H4
On a 4-hour chart, the instrument is trading at the upper border of Bollinger bands, which acts as a key resistance level. The indicator is directed upwards, and the price range has expanded, which indicates the continuation of the upward trend. The MACD histogram holds a buy signal. Oscillator has come into overbought zone; a strong sell signal can be formed during the day.

USD/CHF, D1
On the daily chart, the instrument consolidated at the top of Bollinger bands. To confirm the uptrend, a breakout of the level of 0.9945 is necessary. The indicator is directed horizontally, and the price range remains unchanged, which indicates a continuation of the upward correction. The MACD histogram is corrected at the zero line, confirming the correction dynamics. Stochastic is approaching the overbought zone from below, a buy signal is still relevant.

Key levels
Resistance levels: 0.9943, 0.9965, 0.9989, 1.0011.
Support levels: 0.9910, 0.9890, 0.9864, 0.9836, 0.9813, 0.9776.
Trading tips
Long positions may be opened from the current level with the target at 0.9990 and stop loss 0.9900. Implementation period: 1–3 days.
Short positions may be opened below the level of 0.9900 with the target at 0.9845 and stop loss 0.9915. Implementation period: 1–2 days.

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