The combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.80641 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.80925 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI Hidden Bearish Divergence’ indicator signal is discovered. The indicator shows ‘StochRSI Hidden Bearish Divergence’. In der Regel bedeutet das ein negatives signal. Das Paar wird voraussichtlich nach unten gehen.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.80507912 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.80925 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81143 |
| 2nd High | 0.80967 |
| Next High | 0.80925 |
| Current Price | 0.80637 |
| Next Low | 0.80641 |
| 2nd Low | 0.80335 |
| 3rd Low | 0.80302 |
0.80925 – 0.80967 – 0.80643 – 0.80641 – 0.80766 – 0.80335 —
0.80803 – 0.80767 —
49.842070544378 – 48.880701752638 —
– —
0.80925 – 1784275200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – – – – – – – –