Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.77788 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 0.78301 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79339 |
| 2nd High | 0.79247 |
| Next High | 0.78301 |
| Current Price | 0.78025 |
| Next Low | 0.77788 |
| 2nd Low | 0.77751 |
| 3rd Low | 0.77749 |
0.78301 – 0.79247 – 0.79109 – 0.77788 – 0.78828 – 0.78306 —
0.78151 – 0.78180 —
45.924126975206 – 48.533271298825 —
– —
0.78301 – 1777626000
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –