USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.
A bearish movement downwards to the next support at 0.78648 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.79 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Tweezers Top’ candle pattern is found. The candles show ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79684 |
| 2nd High | 0.79227 |
| Next High | 0.79 |
| Current Price | 0.78608 |
| Next Low | 0.78648 |
| 2nd Low | 0.78609 |
| 3rd Low | 0.78466 |
0.79 – 0.78927 – 0.79227 – 0.78648 – 0.78652 – 0.78609 —
0.78723 – 0.78668 —
38.926631743678 – 41.95292276168 —
– —
0.79 – 1773738000
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – – – – – – – – –