The combination US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards
A descent down to the next support level at 0.89126 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.90214 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish SBS White Lines’ candlestick pattern is detected. The chart forms ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.90214 |
Current Price | 0.89939 |
Next Low | 0.89126 |
2nd Low | 0.87354 |
3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines