USD/CHF – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.76707 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.77517 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77573 |
| 2nd High | 0.77536 |
| Next High | 0.77517 |
| Current Price | 0.76834 |
| Next Low | 0.76707 |
| 2nd Low | |
| 3rd Low |
0.77517 – 0.77536 – 0.77573 – 0.76707 – 0.76712 – 0.77315 —
0.76758 – 0.76907 —
34.275629682733 – 44.239142091662 —
0.76707 – 1772409600 —
0.77517 – 1772134200
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – – – – – – – – –