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