USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
A descent down to the next support level at 0.90386 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Tweezers Top’ chart pattern is discovered. The chart shows ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.91236 |
| Next Low | 0.90386 |
| 2nd Low | 0.90227 |
| 3rd Low | 0.90099 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top