USD/CHF – 30M – SELLAlso there is a ‘Double bottom retreat down’ chart formation is found. The chart picture shows ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.
A bearish trend down to the next support line at 0.79438 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.79674 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8001 |
| 2nd High | 0.79873 |
| Next High | 0.79674 |
| Current Price | 0.79586 |
| Next Low | 0.79438 |
| 2nd Low | 0.79058 |
| 3rd Low | 0.79044 |
0.79592 – 0.79264 – 0.79674 – 0.79438 – 0.79058 – 0.79044 —
0.79671 – 0.79681 —
67.520275353422 – 60.567564294773 —
– —
0.79592 – 1767735000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – – – – – – – –