Sell USD/CHF – 30M – SELL

The pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards

A descent downwards to the next support at 0.87963 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.88868 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish Meeting Lines’ candlestick chart pattern is found. The chart shows ‘Bearish Meeting Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Meeting Lines’ going down is 51% (Bull Market) & 53% (Bear Market).

Support & Resistance Price Range*
3rd High 0.89168
2nd High 0.88943
Next High 0.88868
Current Price 0.88771
Next Low 0.87963
2nd Low 0.87952
3rd Low 0.87510

Download USD/CHF Signal Image

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