USD/CHF – 4H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.78718 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.82151 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82498 |
| 2nd High | 0.82479 |
| Next High | 0.82151 |
| Current Price | 0.80624 |
| Next Low | 0.78718 |
| 2nd Low | |
| 3rd Low |
0.82151 – 0.82479 – 0.82498 – 0.78718 – 0.80555 – 0.81567 — 65.615787778899 – 64.726263576775 — 81.15478781284 – 75.644731897616 – 88.691988739146 – 82.367915106
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – –