USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 0.90815 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.91074 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91370 |
| 2nd High | 0.91243 |
| Next High | 0.91074 |
| Current Price | 0.90951 |
| Next Low | 0.90815 |
| 2nd Low | 0.90797 |
| 3rd Low | 0.90386 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows