D1 price broke 200 period SMA and 100 period SMA from above to below on close D1 bar for the bearish market condition to be started:
- USDCHF is traded below 200 period SMA
- USDCHF is located below 100 period SMA
- The price is crossing 0.9307 support level from above to below for the bearish market condition to be continuing
- USDCHF is ranging between 0.9860 resistance and 0.9307 support levels
- Key resistance level is 1.0125
- Key support level is 0.9307
Resistance | Support |
---|---|
1.0125 | 0.9307 |
0.9860 | N/A |
Trend: D1 - bearish