The pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline downwards
A bearish movement downwards to the next support at 0.79679 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.79873 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.80821 |
| Next High | 0.79873 |
| Current Price | 0.79784 |
| Next Low | 0.79679 |
| 2nd Low | 0.79438 |
| 3rd Low | 0.79044 |
0.79592 – 0.79674 – 0.79408 – 0.79859 – 0.79679 – 0.79438 —
0.80120 – 0.79928 —
62.743200974388 – 44.995692799815 —
– —
0.79592 – 1767733200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –