USD/CHF – 30M – BUY

The combination US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.82214 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.82651 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Tweezers Top’ candlestick pattern is found. The candles form ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

And also a ‘Double top chart pattern’ chart layout is existing. The chart shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

0.82651 – 0.82537 – 0.82479 – 0.82214 – 0.82120 – 0.82141

Download USD/CHF Signal Image

Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top