Sell USD/CHF – 30M – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards

A descending movement downwards to the next support at 0.80665 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.82871 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.816315 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.82871 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Support & Resistance Price Range*
3rd High 0.85834
2nd High 0.85745
Next High 0.82871
Current Price 0.82181
Next Low 0.80665
2nd Low 0.80392
3rd Low

0.82871 – 0.81247 – 0.81967 – 0.80665 – 0.80392 – 0.81742

Download USD/CHF Signal Image

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