USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.80555 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
Then a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81036 |
| 2nd High | 0.80762 |
| Next High | 0.80555 |
| Current Price | 0.80488 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.80555 – 0.80314 – 0.80303 – 0.80269 – 0.79974 – 0.79937 — 44.002269497739 – 42.82235209214 — 19.24241728561 – 16.640387389139 – 22.313119278193 – 19.477773019595
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – –