The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
An ascent up to the next resistance line at 0.78349 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.77756 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.78074 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.78349 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78399 |
| 2nd High | 0.78392 |
| Next High | 0.78349 |
| Current Price | 0.77929 |
| Next Low | 0.77756 |
| 2nd Low | 0.77749 |
| 3rd Low | 0.77649 |
0.77925 – 0.78349 – 0.78392 – 0.77756 – 0.77749 – 0.78273 —
0.77841 – 0.77915 —
39.636285464902 – 48.015296698944 —
– —
0.77925 – 1776729600
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –