USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.79151 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.79945 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80762 |
| 2nd High | 0.80303 |
| Next High | 0.79945 |
| Current Price | 0.79621 |
| Next Low | 0.79151 |
| 2nd Low | 0.79003 |
| 3rd Low | 0.78718 |
0.79945 – 0.80303 – 0.80762 – 0.79151 – 0.79558 – 0.79937 — 42.126385323172 – 32.785253727539 — 61.301775147929 – 29.322813938199 – 69.994886405143 – 57.108627365038
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Double bottom retreat down – –