Swiss Market Index: WEEKLY SCENARIO

Swiss Market Index Technical Analysis: Weekly Chart

In the weekly charts, the Swiss Market Index trades in an up channel. The Swiss Market Index is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 11000.00 the resistance level is at 11900.00

The Swiss Market Index will trade in an up channel until there is a trend reversal.

Swiss Market Index Technical Analysis: Daily Chart

In the daily charts, the Swiss Market Index was trading in an up channel. The Swiss Market Index is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 11000.00 the resistance level is at 11900.00

The Swiss Market Index was traded in an up channel before a downside breakout.

How to Trade the Swiss Market Index this Week:

The Swiss Market Index will follow the uptrend until its trend reversal. So, remain bullish on the Swiss Market.

TRADE SUGGESTION- BUY AT 11242.00, TAKE PROFIT AT 11900.00, AND STOP LOSS AT 10900.00