The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.78763 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.78316 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.78763 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.78763 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80108 |
| 2nd High | 0.79339 |
| Next High | 0.78763 |
| Current Price | 0.78647 |
| Next Low | 0.78316 |
| 2nd Low | 0.77918 |
| 3rd Low | 0.77826 |
0.78763 – 0.78733 – 0.78585 – 0.78316 – 0.77918 – 0.77826 —
0.78700 – 0.78643 —
51.762719225445 – 44.022714977058 —
– —
0.78763 – 1777024800
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –