The pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.
A descent down to the next support line at 0.76707 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.78784 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.777455 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.78784 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79684 |
| 2nd High | 0.79142 |
| Next High | 0.78784 |
| Current Price | 0.78211 |
| Next Low | 0.76707 |
| 2nd Low | 0.76693 |
| 3rd Low | 0.76665 |
0.78784 – 0.78134 – 0.76996 – 0.76707 – 0.76712 – 0.77315 —
0.78541 – 0.78369 —
62.261821736141 – 46.251587960657 —
– —
0.78784 – 1772542800
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –