USD/CHF – 30M – BUYThe combination goes from the ascending trendline downwards
The bearish trend down to the next support level at 0.86231 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.86930 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.8683229 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 0.86930 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86996 |
| 2nd High | 0.86983 |
| Next High | 0.86930 |
| Current Price | 0.86762 |
| Next Low | 0.86231 |
| 2nd Low | 0.86139 |
| 3rd Low | 0.86120 |