USD/CHF – 30M – SELLAnd also a ‘Double bottom retreat down’ chart pattern is existing. The chart forms ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.
The pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 0.80269 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.80555 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81036 |
| 2nd High | 0.80762 |
| Next High | 0.80555 |
| Current Price | 0.80507 |
| Next Low | 0.80269 |
| 2nd Low | 0.79974 |
| 3rd Low | 0.79937 |
0.80555 – 0.80314 – 0.80303 – 0.80269 – 0.79974 – 0.79937 — 60.619608365834 – 53.706129597822 — 64.091371165461 – 51.033506747194 – 62.725321745832 – 60.17593866066
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – –