USD/CHF – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.
The bearish trend down to the next support level at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.81467 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82344 |
| 2nd High | 0.81481 |
| Next High | 0.81467 |
| Current Price | 0.81543 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.81467 – 0.81337 – 0.81481 – 0.81201 – 0.80886 – 0.81066