USD/CHF – 1H – BUYThe combination breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 0.84930 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.84015 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.84914184 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.84930 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85176 |
| 2nd High | 0.85159 |
| Next High | 0.84930 |
| Current Price | 0.84773 |
| Next Low | 0.84015 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |