The combination US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.80925 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Next a ‘Tweezers Top’ candle chart pattern is existing. The candles form ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81143 |
| 2nd High | 0.80967 |
| Next High | 0.80925 |
| Current Price | 0.80731 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.80925 – 0.80967 – 0.80643 – 0.80641 – 0.80766 – 0.80335 —
0.80782 – 0.80763 —
45.499205650225 – 49.630165749371 —
– —
0.80925 – 1784275200
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – – – – – – – – –