USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.
The bearish trend downwards to the next support level at 0.90227 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.90736 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90736 |
| Current Price | 0.90705 |
| Next Low | 0.90227 |
| 2nd Low | 0.90099 |
| 3rd Low | 0.90022 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows