USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.79936 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80178 |
| 2nd High | 0.80074 |
| Next High | 0.79936 |
| Current Price | 0.78804 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.79936 – 0.80074 – 0.80178 – 0.79147 – 0.79811 – 0.79574
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows –