USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline down.
A descent downwards to the next support line at 0.90797 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.91074 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Harami’ candlestick chart pattern is discovered. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91370 |
| 2nd High | 0.91243 |
| Next High | 0.91074 |
| Current Price | 0.90976 |
| Next Low | 0.90797 |
| 2nd Low | 0.90386 |
| 3rd Low | 0.90227 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Harami