USD/CHF – 30M – SELLThe 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