The combination US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.
A descending movement down to the next support level at will continue.
Caution: A possible change in the direction of the resistance level at 0.79661 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80113 |
| 2nd High | 0.79938 |
| Next High | 0.79661 |
| Current Price | 0.79642 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.79661 – 0.79619 – 0.79552 – 0.79376 – 0.79513 – 0.78778 —
0.79594 – 0.79682 —
55.600566173105 – 55.102648199883 —
– —
0.79661 – 1763431200
Trading Signals: FOREX – USD – USD/CHF – CHF – – Rising Wedge Chart Pattern – – – –