USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.77837 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79142 |
| 2nd High | 0.77934 |
| Next High | 0.77837 |
| Current Price | 0.76131 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.77837 – 0.77934 – 0.77926 – 0.77525 – 0.77305 – 0.77526 —
0.76699 – 0.76675 —
19.954837951208 – 22.633152882295 —
– —
0.77837 – 1769508000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –