USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.
A bearish descent down to the next support line at 0.90022 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.90272 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Belt Hold’ candle pattern is discovered. The chart forms ‘Bearish Belt Hold’. which 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 chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90272 |
| Current Price | 0.90189 |
| Next Low | 0.90022 |
| 2nd Low | 0.89843 |
| 3rd Low | 0.89771 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Belt Hold