USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.79605 is certain.
Caution: A possible change in the direction of resistance at 0.79991 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
Then a ‘Tweezers Top’ candlestick pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80555 |
| 2nd High | 0.80113 |
| Next High | 0.79991 |
| Current Price | 0.79942 |
| Next Low | 0.79605 |
| 2nd Low | 0.79558 |
| 3rd Low | 0.79263 |
0.79991 – 0.79913 – 0.79792 – 0.79605 – 0.79613 – 0.79558 — 61.442082215763 – 55.98623633144 — 73.822463768116 – 72.714194373402 – 65.369245524297 – 70.645069622052
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – Double top chart pattern – –