USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
The bearish trend down to the next support at 0.79438 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.79674 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8001 |
| 2nd High | 0.79873 |
| Next High | 0.79674 |
| Current Price | 0.79576 |
| Next Low | 0.79438 |
| 2nd Low | 0.79058 |
| 3rd Low | 0.79044 |
0.79592 – 0.79264 – 0.79674 – 0.79438 – 0.79058 – 0.79044 —
0.79523 – 0.79671 —
54.537907569068 – 67.520276157059 —
– —
0.79592 – 1767735000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – – – – – – – –