USD/CHF – 1H – BUYFurthermore a ‘Double bottom retreat down’ chart pattern is detected. The chart picture shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.
Furthermore a ‘Tweezers Top’ candle chart pattern is found. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80833 |
| 2nd High | 0.80621 |
| Next High | 0.80469 |
| Current Price | 0.80442 |
| Next Low | 0.79959 |
| 2nd Low | 0.79852 |
| 3rd Low | 0.79376 |
0.80469 – 0.80621 – 0.80833 – 0.79959 – 0.80405 – 0.80262 —
0.80359 – 0.80479 —
51.752819157788 – 58.621026214201 —
– —
0.80469 – 1764576000
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – Double bottom retreat down – – – – – – – –