The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.79914 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.80528 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81016 |
| 2nd High | 0.8071 |
| Next High | 0.80528 |
| Current Price | 0.80264 |
| Next Low | 0.79914 |
| 2nd Low | 0.78778 |
| 3rd Low |
0.80528 – 0.8071 – 0.81016 – 0.79914 – 0.79959 – 0.78778 —
0.79990 – 0.80383 —
34.217255733229 – 53.095183547106 —
0.79914 – 1764792000 —
0.80528 – 1764676800
Trading Signals: FOREX – USD – USD/CHF – CHF – – Double top retreat up – – – – – – – –