The pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.79556 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.80175 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 0.79827464 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.80175 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81016 |
| 2nd High | 0.80853 |
| Next High | 0.80175 |
| Current Price | 0.80105 |
| Next Low | 0.79556 |
| 2nd Low | 0.79009 |
| 3rd Low | 0.78551 |
0.80175 – 0.79674 – 0.7942 – 0.79556 – 0.79009 – 0.78551 —
0.79782 – 0.80168 —
50.855278694807 – 66.711753909976 —
– —
0.80175 – 1768176300
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –