Sell USD/CHF – 1H – SELL

The pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards

The bearish trend downwards to the next support line at 0.87706 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.88530 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Evening Star’ candle chart pattern is discovered. The chart shows ‘Evening Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Evening Star’ heading down is 72% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 0.88885
2nd High 0.88794
Next High 0.88530
Current Price 0.88346
Next Low 0.87706
2nd Low 0.87584
3rd Low 0.87354

Download USD/CHF Signal Image

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