The pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.77492 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.77755 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.
In addition a ‘RSI Hidden Bearish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bearish Divergence’. which is often a bullish signal. The currency pair could go up.
In addition a ‘MACD Hidden Bearish Divergence’ indicator signal is existing. The indicator is ‘MACD Hidden Bearish Divergence’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.775135 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.77755 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78171 |
| 2nd High | 0.77888 |
| Next High | 0.77755 |
| Current Price | 0.77692 |
| Next Low | 0.77492 |
| 2nd Low | 0.77455 |
| 3rd Low | 0.77383 |
0.77755 – 0.7772 – 0.77656 – 0.77492 – 0.77455 – 0.77383 —
0.77755 – 0.77711 —
56.282738471097 – 56.504580825651 —
0.77755 – 1770229800 —
– 1770229800
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –