USD/CHF – 4H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.79009 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.79873 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
Moreover a ‘3 Stars In The South’ candle pattern is detected. The candles show ‘3 Stars In The South’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘3 Stars In The South’ heading up is 86% (Bull Market) & 100% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81016 |
| 2nd High | 0.80853 |
| Next High | 0.79873 |
| Current Price | 0.79619 |
| Next Low | 0.79009 |
| 2nd Low | 0.78551 |
| 3rd Low |
0.79674 – 0.7942 – 0.79873 – 0.79009 – 0.78551 – 0.79255 —
0.80009 – 0.79836 —
68.889117598923 – 48.508851302213 —
– —
0.79674 – 1767614400
Trading Signals: FOREX – USD – USD/CHF – CHF – 3 Stars In The South – – – – – – – – –