USD/CHF – 1H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
A bearish trend downwards to the next support at 0.89126 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.90214 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90214 |
| Current Price | 0.89955 |
| Next Low | 0.89126 |
| 2nd Low | 0.88984 |
| 3rd Low | 0.88161 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down