USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.77437 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.77685 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Moreover a ‘Last Engulfing Top’ candlestick pattern is found. The candles show ‘Last Engulfing 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 probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77857 |
| 2nd High | 0.77714 |
| Next High | 0.77685 |
| Current Price | 0.77525 |
| Next Low | 0.77437 |
| 2nd Low | 0.772 |
| 3rd Low | 0.76938 |
0.77685 – 0.77618 – 0.77617 – 0.77437 – 0.772 – 0.76938 —
0.77617 – 0.77597 —
48.928332445017 – 50.093725852285 —
– —
0.77685 – 1771581600
Trading Signals: FOREX – USD – USD/CHF – CHF – Last Engulfing Top – Rising Wedge Chart Pattern – – – – – – – –