USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.79462 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.79991 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. this 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80555 |
| 2nd High | 0.80113 |
| Next High | 0.79991 |
| Current Price | 0.79430 |
| Next Low | 0.79462 |
| 2nd Low | 0.79263 |
| 3rd Low | 0.79214 |
0.79991 – 0.79913 – 0.79792 – 0.79462 – 0.79482 – 0.79605 — 38.623403842395 – 34.416230516271 — 63.608840637794 – 58.337890615693 – 54.026967007965 – 60.812755227359
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – –