USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.89894 is certain.
Caution: A possible change in the direction of the resistance line at 0.90118 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Harami’ candle pattern is found. The candles show ‘Bullish Harami’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Harami’ going up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.90214 |
| Next High | 0.90118 |
| Current Price | 0.89952 |
| Next Low | 0.89894 |
| 2nd Low | 0.89771 |
| 3rd Low | 0.89126 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Harami