USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.
A bearish trend downwards to the next support line at 0.7844 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.79038 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79247 |
| 2nd High | 0.79066 |
| Next High | 0.79038 |
| Current Price | 0.79002 |
| Next Low | 0.7844 |
| 2nd Low | 0.77951 |
| 3rd Low | 0.77625 |
0.78842 – 0.78469 – 0.7899 – 0.7844 – 0.77951 – 0.78302 —
0.78866 – 0.79046 —
64.857579208179 – 69.78585635174 —
– —
0.78842 – 1780333200
Trading Signals: FOREX – USD – USD/CHF – CHF – Two Crows – – – – – – – – –