USD/CHF – 30M – SELLThe combination goes from the ascending trendline downwards
A descending movement downwards to the next support level at 0.86445 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86691 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.86480844 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.86691 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86771 |
| 2nd High | 0.86694 |
| Next High | 0.86691 |
| Current Price | 0.86495 |
| Next Low | 0.86445 |
| 2nd Low | 0.86415 |
| 3rd Low | 0.86296 |