The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 0.88162 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.88530 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.88885 |
2nd High | 0.88794 |
Next High | 0.88530 |
Current Price | 0.88346 |
Next Low | 0.88162 |
2nd Low | 0.87706 |
3rd Low | 0.87584 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down