USD/CHF – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish movement down to the next support level at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.80555 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81036 |
| 2nd High | 0.80762 |
| Next High | 0.80555 |
| Current Price | 0.80171 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.80555 – 0.80314 – 0.80303 – 0.80269 – 0.79974 – 0.79937 — 41.185522052972 – 27.352613692743 — 64.079179866256 – 55.495504737852 – 36.591930278865 – 51.406590664265
Trading Signals: FOREX – USD – USD/CHF – CHF – – Rising Wedge Chart Pattern – –