USD/CHF – 4H – SELLAnd also a ‘Double bottom retreat down’ chart formation is existing. The formation shows ‘Double bottom retreat down’. which is a negative chart scenario. The pair is likely to go down.
The combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A descending movement down to the next support line at 0.79556 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.80175 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.
And also a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81016 |
| 2nd High | 0.80853 |
| Next High | 0.80175 |
| Current Price | 0.80148 |
| Next Low | 0.79556 |
| 2nd Low | 0.79009 |
| 3rd Low | 0.78551 |
0.80175 – 0.79674 – 0.7942 – 0.79556 – 0.79009 – 0.78551 —
0.80002 – 0.80332 —
54.118613428997 – 61.425901165193 —
– —
0.80175 – 1768176300
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Double bottom retreat down – – – – – – – –