USD/CHF – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline down.
A descent downwards to the next support at 0.80503 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.80924 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Shooting Star’ candlestick chart pattern is discovered. The chart shows ‘Shooting Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81310 |
| 2nd High | 0.81257 |
| Next High | 0.80924 |
| Current Price | 0.80508 |
| Next Low | 0.80503 |
| 2nd Low | 0.79263 |
| 3rd Low | 0.79214 |
0.80924 – 0.80580 – 0.79437 – 0.80503 – 0.79263 – 0.79214 — 31.928097415685 – 31.616608098075 — 17.165450630901 – 22.965111072328 – 18.500074876097 – 20.444732443406
Trading Signals: FOREX – USD – USD/CHF – CHF – Shooting Star – Rising Wedge Chart Pattern – –