USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.91540 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.92007 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Tweezers Top’ candlestick pattern is existing. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92007 |
| Current Price | 0.91625 |
| Next Low | 0.91540 |
| 2nd Low | 0.90978 |
| 3rd Low | 0.90224 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top