USD/CHF FVG Bearish Gap Hints at Stronger Downtrend
Aggiornato
FxNews—USD/CHF tested the 100-period simple moving average. Consequently, the 4-hour price chart formed a bearish fair value gap, indicating that the bear market strengthens. Additionally, the AO histogram turned red, suggesting the downtrend should resume.
The immediate support rests at the November 4 low, the 0.861 mark. From a technical perspective, the downtrend should continue if USD/CHF closes below 0.861. In this scenario, the bearish trend will likely extend to the 23.6% Fibonacci support level at 0.857.
Please note that the bearish outlook will be invalidated if USD/CHF closes and stabilizes above the 0.865 immediate resistance.
The immediate support rests at the November 4 low, the 0.861 mark. From a technical perspective, the downtrend should continue if USD/CHF closes below 0.861. In this scenario, the bearish trend will likely extend to the 23.6% Fibonacci support level at 0.857.
Please note that the bearish outlook will be invalidated if USD/CHF closes and stabilizes above the 0.865 immediate resistance.
Ordine annullato
The USD/CHF price did not close below the 0.861 immediate support. Hence, the sell order was not triggered. 
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.