USD/CHF – 30M – BUYThe combination moves from the bullish trendline up.
A continuation of the uptrend up to the next resistance at 0.86365 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.86162 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.86338314 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.86365 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86633 |
| 2nd High | 0.86413 |
| Next High | 0.86365 |
| Current Price | 0.86319 |
| Next Low | 0.86162 |
| 2nd Low | 0.86120 |
| 3rd Low | 0.86064 |