The combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 0.79704 will persist.
Caution: A possible counter-trend in the direction of the support line at 0.79208 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.79667 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.79704 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80126 |
| 2nd High | 0.79756 |
| Next High | 0.79704 |
| Current Price | 0.79483 |
| Next Low | 0.79208 |
| 2nd Low | 0.78716 |
| 3rd Low | 0.78676 |
0.79704 – 0.79756 – 0.79747 – 0.79208 – 0.79299 – 0.79477 —
0.79384 – 0.79438 —
55.249569456728 – 58.029264338084 —
– —
0.79704 – 1781307000
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –