USD/CHF – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish trend down to the next support level at 0.81533 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.81728 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Furthermore a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82344 |
| 2nd High | 0.82075 |
| Next High | 0.81728 |
| Current Price | 0.81668 |
| Next Low | 0.81533 |
| 2nd Low | 0.81201 |
| 3rd Low | 0.80886 |
0.81728 – 0.81467 – 0.81337 – 0.81533 – 0.81201 – 0.80886
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low