USD/CHF – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.82355136 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.83182 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83346 |
| 2nd High | 0.83330 |
| Next High | 0.83182 |
| Current Price | 0.82629 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.83182 – 0.83330 – 0.82726 – 0.82054 – 0.82556 – 0.82137
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows