USD/CHF – 4H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.78718 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.80924 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Tweezers Top’ chart pattern is found. The candles form ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82479 |
| 2nd High | 0.82151 |
| Next High | 0.80924 |
| Current Price | 0.80709 |
| Next Low | 0.78718 |
| 2nd Low | |
| 3rd Low |
0.80924 – 0.82151 – 0.82479 – 0.78718 – 0.80555 – 0.81567 — 64.87686071924 – 63.615252980131 — 18.555902694331 – 24.350449945259 – 21.344533670031 – 19.736174530695
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – – –