USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.
A bearish descent down to the next support at 0.79974 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.80762 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81257 |
| 2nd High | 0.81036 |
| Next High | 0.80762 |
| Current Price | 0.80377 |
| Next Low | 0.79974 |
| 2nd Low | 0.79937 |
| 3rd Low | 0.79263 |
0.80314 – 0.80303 – 0.80212 – 0.79974 – 0.79937 – 0.80096 — 56.79074772018 – 54.1948454752 — 18.262724330686 – 9.6535745807591 – 21.547640847361 – 15.93483377464
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Double top retreat up – –