USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.81201 is expected.
Caution: A possible change in the direction of the resistance zone at 0.81467 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Next a ‘Tweezers Top’ chart pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82075 |
| 2nd High | 0.81481 |
| Next High | 0.81467 |
| Current Price | 0.81212 |
| Next Low | 0.81201 |
| 2nd Low | 0.80886 |
| 3rd Low | 0.80555 |
0.81467 – 0.81337 – 0.81481 – 0.81201 – 0.80886 – 0.81066
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top