USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
A bearish trend down to the next support level at 0.79438 is expected.
Caution: A possible change in the direction of the resistance line at 0.79592 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79873 |
| 2nd High | 0.79674 |
| Next High | 0.79592 |
| Current Price | 0.79517 |
| Next Low | 0.79438 |
| 2nd Low | 0.79044 |
| 3rd Low | 0.79009 |
0.79592 – 0.79674 – 0.79408 – 0.79438 – 0.79044 – 0.79009 —
0.79524 – 0.79662 —
57.453241412655 – 57.910675327921 —
– —
0.79592 – 1767733200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Double bottom retreat down – – – – – – – –