The pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.80335 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.81512 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.
Besides a ‘Tweezers Top’ candlestick pattern is existing. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82479 |
| 2nd High | 0.82151 |
| Next High | 0.81512 |
| Current Price | 0.80785 |
| Next Low | 0.80335 |
| 2nd Low | 0.80302 |
| 3rd Low | 0.80096 |
0.81512 – 0.81077 – 0.81198 – 0.80335 – 0.80302 – 0.80096 —
0.80702 – 0.80872 —
38.658156488002 – 49.48564053525 —
0.80335 – 1784145600 —
0.81512 – 1783987200
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – Symmetrical Triangle Chart Pattern – – – – – – – –