Trading Class

Markets › USD/CHF › Fibonacci bounce down

Forex · indicator signal

Fibonacci bounce down on USD/CHF

On USD/CHF the fibonacci bounce down showed up 76 times. The target came first 37% of the time, the stop 62%, and 1% went nowhere within 12 candles.

Counted on USD/CHF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1839%61%0%
Hourly5836%62%2%

USD/CHF against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/CHF7637%62%1%
All Forex charts1,03640%56%5%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
2017425%75%
2019450%50%
202030%100%
2022367%33%
2023450%50%
2024633%50%
20253145%55%
20262124%76%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the fibonacci bounce down is

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.

Imagine falling down a slide, climbing back up about halfway, then slipping down again. Fibonacci levels mark how far price climbed back compared with the fall. A Fibonacci bounce down is when price rallies back into the 50% to 61.8% zone and turns down.

The full fibonacci bounce down lesson, video and quiz ›

Other patterns on USD/CHF

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · all of them

The fibonacci bounce down elsewhere

GBP/USD · EUR/JPY · EUR/USD · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the fibonacci bounce down work on USD/CHF?

In 76 cases on USD/CHF, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 62%; 1% went nowhere within 12 candles.

What is the fibonacci bounce down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.