USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.82485 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
Besides a ‘Double top chart pattern’ chart pattern is existing. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83183 |
| 2nd High | 0.82639 |
| Next High | 0.82485 |
| Current Price | 0.82310 |
| 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 – Three Black Crows