USD/CHF: The monthly probability is Bearish as the large Ascending

Tian Kriek

Analyst


February 24, 2020 08:19 AM

BEARISH

Daily Trading Range:
USD/CHF: The monthly probability is Bearish as the large Ascending Triangle support line has been broken to the downside. The weekly probability is also Bearish as there is a large Bearish Crown formation. Price found resistance at at the pivotal level at 0.9800 and breached the counter trend line. The Probability is now Bearish. I expect price to continue falling to the next pivot at 0.9600. https://smarttrader.com/charts/tkriek/tk-aod-workspaces-24-feb/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.9960
Resistance 2: 1.0000
Resistance 1: 1.0300
Current Price 0.9794
Support 1: 0.9600
Support 2: 0.9500
Support 3: 0.9000

Two Hour Chart

Two Hour Chart
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