The combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish descent downwards to the next support at 0.78316 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.78733 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80108 |
| 2nd High | 0.79339 |
| Next High | 0.78733 |
| Current Price | 0.78476 |
| Next Low | 0.78316 |
| 2nd Low | 0.77918 |
| 3rd Low | 0.77826 |
0.78733 – 0.78585 – 0.78257 – 0.78316 – 0.77918 – 0.77826 —
0.78746 – 0.78742 —
64.566623561581 – 55.620911066129 —
– —
0.78733 – 1776974400
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –