USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.82485 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83183 |
| 2nd High | 0.82639 |
| Next High | 0.82485 |
| Current Price | 0.82353 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.82485 – 0.82639 – 0.83183 – 0.82167 – 0.81966 – 0.82670
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low