USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
A descent down to the next support level at 0.90224 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.91370 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.90760 |
| Next Low | 0.90224 |
| 2nd Low | 0.90081 |
| 3rd Low | 0.89843 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low