The combination US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.80766 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.80967 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8148 |
| 2nd High | 0.81143 |
| Next High | 0.80967 |
| Current Price | 0.80782 |
| Next Low | 0.80766 |
| 2nd Low | 0.80335 |
| 3rd Low | 0.80302 |
0.80967 – 0.80643 – 0.81143 – 0.80766 – 0.80335 – 0.80796 —
0.80912 – 0.80925 —
59.109216896557 – 57.150284055886 —
– —
0.80967 – 1784232000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –