USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A bearish movement downwards to the next support at 0.88650 will persist.
Caution: A possible change in the direction of the resistance zone at 0.89175 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.89175 |
| Current Price | 0.88616 |
| Next Low | 0.88650 |
| 2nd Low | 0.87971 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows