USD/CHF – 1H – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A bearish movement downwards to the next support level at is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.80175 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.80821 |
| Next High | 0.80175 |
| Current Price | 0.79697 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.80175 – 0.79592 – 0.79674 – 0.79556 – 0.79859 – 0.79679 —
0.79786 – 0.79760 —
39.134830931736 – 44.496714110646 —
– —
0.80175 – 1768179600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –