USD/CHF – 1H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish trend down to the next support level at 0.90081 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.91370 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Harami’ candle pattern is found. The chart shows ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.90781 |
| Next Low | 0.90081 |
| 2nd Low | 0.89843 |
| 3rd Low | 0.89126 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Harami