USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.78819 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.79088 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79395 |
| 2nd High | 0.79243 |
| Next High | 0.79088 |
| Current Price | 0.79096 |
| Next Low | 0.78819 |
| 2nd Low | 0.78697 |
| 3rd Low | 0.78596 |
0.79088 – 0.79243 – 0.78893 – 0.78819 – 0.78697 – 0.78596 —
0.79170 – 0.79180 —
66.910024643365 – 58.379635400163 —
– —
0.79088 – 1774436400
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low – – – – – – – – –