The combination US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.78199 is expected.
Caution: A possible change in the direction of the resistance zone at 0.78716 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78987 |
| 2nd High | 0.78842 |
| Next High | 0.78716 |
| Current Price | 0.78542 |
| Next Low | 0.78199 |
| 2nd Low | 0.77951 |
| 3rd Low | 0.77625 |
0.78716 – 0.78842 – 0.78333 – 0.78199 – 0.77951 – 0.78302 —
0.78633 – 0.78608 —
36.467008413174 – 49.500612436587 —
– —
0.78716 – 1780374600
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –