Then a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards
A bearish trend down to the next support level at is expected.
Caution: A possible change in the direction of the resistance zone at 0.77857 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77888 |
| 2nd High | 0.77869 |
| Next High | 0.77857 |
| Current Price | 0.77566 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.77857 – 0.77837 – 0.77869 – 0.7761 – 0.77419 – 0.77492 —
0.77844 – 0.77765 —
59.002681404619 – 43.751440681839 —
– —
0.77857 – 1770373800
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –