USD/CHF – 4H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline downwards
The bearish trend down to the next support line at 0.89126 is certain.
Caution: A possible change in the direction of the resistance level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Shooting Star’ candle chart pattern is detected. The chart forms ‘Shooting Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.90489 |
| Next Low | 0.89126 |
| 2nd Low | 0.87354 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Shooting Star