USD/CHF – 1H – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 0.82689 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.83408 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.83040784 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.83408 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86736 |
| 2nd High | 0.85834 |
| Next High | 0.83408 |
| Current Price | 0.83337 |
| Next Low | 0.82689 |
| 2nd Low | 0.81852 |
| 3rd Low | 0.80392 |
0.83408 – 0.82717 – 0.82651 – 0.82689 – 0.81852 – 0.82096