USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline down.
A continuation of the downtrend down to the next support at 0.90081 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.91045 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Harami’ candlestick pattern is existing. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91243 |
| 2nd High | 0.91074 |
| Next High | 0.91045 |
| Current Price | 0.90461 |
| Next Low | 0.90081 |
| 2nd Low | 0.90022 |
| 3rd Low | 0.89843 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Harami