USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
The bearish trend down to the next support line at 0.89172 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.90214 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90214 |
| Current Price | 0.89784 |
| Next Low | 0.89172 |
| 2nd Low | 0.89171 |
| 3rd Low | 0.89144 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows