USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.88163 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.88868 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Line Strike – Bearish’ candle pattern is detected. The candles show ‘Three Line Strike – Bearish’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89168 |
| 2nd High | 0.88943 |
| Next High | 0.88868 |
| Current Price | 0.88106 |
| Next Low | 0.88163 |
| 2nd Low | 0.88139 |
| 3rd Low | 0.88009 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Line Strike – Bearish