Besides a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish descent down to the next support level at 0.77749 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.7848 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.77749 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.7848 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79339 |
| 2nd High | 0.79247 |
| Next High | 0.7848 |
| Current Price | 0.77651 |
| Next Low | 0.77749 |
| 2nd Low | 0.77478 |
| 3rd Low | 0.76707 |
0.7848 – 0.79247 – 0.78763 – 0.77788 – 0.78306 – 0.77749 —
0.77926 – 0.77877 —
31.131407771463 – 37.193845151418 —
– —
0.7848 – 1777968000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –