USD/CHF – 4H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
A bearish trend down to the next support at is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.80405 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.79478 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.80405 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Matching Low’ candlestick pattern is discovered. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81016 |
| 2nd High | 0.80853 |
| Next High | 0.80405 |
| Current Price | 0.79861 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.80405 – 0.80175 – 0.79674 – 0.79556 – 0.79009 – 0.78551 —
0.80392 – 0.79978 —
66.09851171448 – 42.310079334705 —
– —
0.80405 – 1768492800
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low – Rising Wedge Chart Pattern – – – – – – – –