The pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
The bearish trend down to the next support at 0.79852 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.80096 should be noted.
Consider stop-loss settings accordingly.
And also a ” indicator layout is found. The indicator shows ”. this is usually a bearish chart scenario. The currency pair could go down.
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And also a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Tweezers Top’ chart pattern is found. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80614 |
| 2nd High | 0.80113 |
| Next High | 0.80096 |
| Current Price | 0.80173 |
| Next Low | 0.79852 |
| 2nd Low | 0.79376 |
| 3rd Low | 0.78778 |
0.80096 – 0.80004 – 0.79751 – 0.79852 – 0.79376 – 0.79513 —
0.79967 – 0.80288 —
52.786564020884 – 75.66902951602 —
– —
0.80096 – 1763524800
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – – – – –