The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.80262 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.80621 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.
Besides a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Besides a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81016 |
| 2nd High | 0.80833 |
| Next High | 0.80621 |
| Current Price | 0.80519 |
| Next Low | 0.80262 |
| 2nd Low | 0.79852 |
| 3rd Low | 0.79376 |
0.80621 – 0.80833 – 0.80813 – 0.80262 – 0.80415 – 0.80575 —
0.80621 – 0.80592 —
73.022881239056 – 59.10737923681 —
0.80621 – 1764248400 —
– 1764248400
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – – – – – – – –