USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at is certain.
Caution: A possible trend reversal in the direction of resistance at 0.79433 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Two Crows’ chart pattern is existing. The candles form ‘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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80074 |
| 2nd High | 0.79936 |
| Next High | 0.79433 |
| Current Price | 0.79255 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.79433 – 0.79936 – 0.80074 – 0.79014 – 0.78718 – 0.79147