USDCHF Taking a Short
Overall Trend:
The chart shows a clear downtrend as represented by lower lows and lower highs on a larger timeframe, confirmed by the moving averages (200-period and 50-period). The price has been trading below both the 200-period and 50-period SMAs, which suggests bearish momentum.
Fibonacci Levels: There is a Fibonacci retracement applied on a recent downward move. The price appears to have retraced to the 61.8% level before reversing again, indicating that this level served as strong resistance.
Key Levels:
Support: Around 0.84573, this seems to be a significant support level, likely the target for the bearish continuation.
Resistance: The 61.8% Fibonacci retracement level and the horizontal line near 0.87067 serve as resistance levels.
Technical Indicators:
Fibonacci Retracement: The chart shows the 38.2%, 50%, and 61.8% retracement levels. The price failed to break above the 61.8% level and is now showing signs of bearish continuation, which is a typical signal in a downtrend.
Trendline Break: The upward trendline drawn on the chart has been broken, signaling a potential reversal to the downside.
The chart shows a clear downtrend as represented by lower lows and lower highs on a larger timeframe, confirmed by the moving averages (200-period and 50-period). The price has been trading below both the 200-period and 50-period SMAs, which suggests bearish momentum.
Fibonacci Levels: There is a Fibonacci retracement applied on a recent downward move. The price appears to have retraced to the 61.8% level before reversing again, indicating that this level served as strong resistance.
Key Levels:
Support: Around 0.84573, this seems to be a significant support level, likely the target for the bearish continuation.
Resistance: The 61.8% Fibonacci retracement level and the horizontal line near 0.87067 serve as resistance levels.
Technical Indicators:
Fibonacci Retracement: The chart shows the 38.2%, 50%, and 61.8% retracement levels. The price failed to break above the 61.8% level and is now showing signs of bearish continuation, which is a typical signal in a downtrend.
Trendline Break: The upward trendline drawn on the chart has been broken, signaling a potential reversal to the downside.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.