USD/CHF – 1H – SELLFurthermore a ‘Double bottom retreat down’ chart formation is discovered. The chart forms ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.
The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline downwards
A descent downwards to the next support line at 0.81201 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.82344 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82479 |
| 2nd High | 0.82417 |
| Next High | 0.82344 |
| Current Price | 0.81625 |
| Next Low | 0.81201 |
| 2nd Low | 0.80886 |
| 3rd Low | 0.80555 |
0.81467 – 0.81337 – 0.81481 – 0.81201 – 0.80886 – 0.81066