USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A bearish movement down to the next support line at 0.90099 is certain.
Caution: A possible change in the direction of the resistance line at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Matching Low’ candle pattern is found. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.90381 |
| Next Low | 0.90099 |
| 2nd Low | 0.90022 |
| 3rd Low | 0.89843 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low