USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.
A descent downwards to the next support at 0.90224 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.91243 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Harami’ candle chart pattern is detected. The chart forms ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.91370 |
| Next High | 0.91243 |
| Current Price | 0.91208 |
| Next Low | 0.90224 |
| 2nd Low | 0.90081 |
| 3rd Low | 0.90022 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Harami