The pair US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.78782 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.79684 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Then a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. 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 | 0.80006 |
| 2nd High | 0.79841 |
| Next High | 0.79684 |
| Current Price | 0.78577 |
| Next Low | 0.78782 |
| 2nd Low | 0.78751 |
| 3rd Low | 0.7873 |
0.79684 – 0.79309 – 0.79202 – 0.78867 – 0.78901 – 0.78894 —
0.79103 – 0.78831 —
57.702745042051 – 29.491415781492 —
– —
0.79684 – 1769031000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –