USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
A bearish movement down to the next support level at 0.90224 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.90959 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Tweezers Top’ candlestick pattern is discovered. The candles show ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91074 |
| 2nd High | 0.91045 |
| Next High | 0.90959 |
| Current Price | 0.90880 |
| Next Low | 0.90224 |
| 2nd Low | 0.90081 |
| 3rd Low | 0.90022 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top