USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 0.88527 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.88794 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Falling Window’ candlestick chart pattern is found. The candles show ‘Falling Window’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88894 |
| 2nd High | 0.88885 |
| Next High | 0.88794 |
| Current Price | 0.88382 |
| Next Low | 0.88527 |
| 2nd Low | 0.88294 |
| 3rd Low | 0.87963 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Falling Window