The pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at is expected.
Caution: A possible change in the direction of the resistance level at 0.7848 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79247 |
| 2nd High | 0.79229 |
| Next High | 0.7848 |
| Current Price | 0.78295 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.7848 – 0.78474 – 0.78468 – 0.78198 – 0.77994 – 0.7783 —
0.78390 – 0.78383 —
47.564028482041 – 50.341651568912 —
– —
0.7848 – 1777968000
Trading Signals: FOREX – USD – USD/CHF – CHF – Two Crows – – – – – – – – –