USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.87992 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.88345 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.87992 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.88345 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88503 |
| 2nd High | 0.88473 |
| Next High | 0.88345 |
| Current Price | 0.88057 |
| Next Low | 0.87992 |
| 2nd Low | 0.87964 |
| 3rd Low | 0.87554 |
0.88345 – 0.88473 – 0.88503 – 0.87992 – 0.88107 – 0.88065