Recommendation for USD/CHF: Buy
Buy Stop : Above 0,919
Stop Loss : Below 0,897
Indicator | Value | Signal |
RSI | Buy | |
MACD | Buy | |
MA(200) | Neutral | |
Fractals | Neutral | |
Parabolic SAR | Sell | |
Bollinger Bands | Buy |
Chart Analysis
![IFC Markets Tech Analysis IFC Markets Tech Analysis](/forum/proxy.php?image=https%3A%2F%2Fifccd.net%2Fuploads%2Fimage%2Ftanalysis%2Fnew%2F2cf5ad68a615d09ffa16ca6f9e8612739dd9dd52.png&hash=dd73f2aef8e08bc94a1bf6442776eda8)
On the daily timeframe, USDCHF: D1 approached the downtrend resistance line. It must be broken upward before opening a position. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish move if USDCHF rises above the Parabolic signal and its latest maximum: 0.919. This level can be used as an entry point. We can place a stop loss below the lower Bollinger line and the last lower fractal: 0.897. After opening a pending order, we can move the stop loss to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the 4-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (0.897) without activating the order (0.919), it is recommended to delete the order: the market sustains internal changes that have not been taken into account.