USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.
A bearish movement down to the next support line at 0.90227 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Harami Cross’ chart pattern is detected. The chart shows ‘Bearish Harami Cross’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.91236 |
| Next Low | 0.90227 |
| 2nd Low | 0.90099 |
| 3rd Low | 0.89843 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Harami Cross