USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.79574 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.80074 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80799 |
| 2nd High | 0.80178 |
| Next High | 0.80074 |
| Current Price | 0.79945 |
| Next Low | 0.79574 |
| 2nd Low | |
| 3rd Low |
0.80074 – 0.80178 – 0.80799 – 0.79574 – 0.79779 – 0.79802
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Inverse Head and Shoulder chart pattern