The combination US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 0.77857 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.77419 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78171 |
| 2nd High | 0.77869 |
| Next High | 0.77857 |
| Current Price | 0.77612 |
| Next Low | 0.77419 |
| 2nd Low | 0.77383 |
| 3rd Low | 0.76625 |
0.77857 – 0.77837 – 0.77869 – 0.77419 – 0.77455 – 0.77383 —
0.77600 – 0.77598 —
39.538701400454 – 40.856215656521 —
– —
0.77857 – 1770372000
Trading Signals: FOREX – USD – USD/CHF – CHF – – Double bottom retreat down – – – – – – – –