The combination US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.77788 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.7848 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.78134 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.7848 is also possible.
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 | 0.7848 |
| Current Price | 0.78140 |
| Next Low | 0.77788 |
| 2nd Low | 0.77751 |
| 3rd Low | 0.77749 |
0.7848 – 0.78474 – 0.78183 – 0.77788 – 0.78828 – 0.78306 —
0.78365 – 0.78304 —
36.519519835737 – 48.853150452358 —
– —
0.7848 – 1777968000
Trading Signals: FOREX – USD – USD/CHF – CHF – – Symmetrical Triangle Chart Pattern – – – – – – – –