The currency pair moves from the ascending trendline down.
A bearish trend downwards to the next support at 0.84997 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.85977 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.854885 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.85977 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance |
Price Range* |
3rd High |
0.86633 |
2nd High |
0.86076 |
Next High |
0.85977 |
Current Price |
0.85721 |
Next Low |
0.84997 |
2nd Low |
0.84901 |
3rd Low |
0.84484 |
Download USD/CHF Signal Image
Trading Signals: FOREX – USD – USD/CHF – CHF