USD/CHF – 30M – BUYMoreover a ‘Tweezers Top’ candlestick pattern is discovered. The chart forms ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
Moreover a ‘Double top chart pattern’ chart formation is discovered. The chart shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85745 |
| 2nd High | 0.83408 |
| Next High | 0.83248 |
| Current Price | 0.83114 |
| Next Low | 0.82986 |
| 2nd Low | 0.82314 |
| 3rd Low | 0.82233 |
0.83248 – 0.83408 – 0.83320 – 0.82986 – 0.82314 – 0.82233
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top