And also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.78316 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.78733 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
And also a ‘Three Black Crows’ chart pattern is detected. The candles show ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79339 |
| 2nd High | 0.79116 |
| Next High | 0.78733 |
| Current Price | 0.78628 |
| Next Low | 0.78316 |
| 2nd Low | 0.7828 |
| 3rd Low | 0.77918 |
0.78733 – 0.78585 – 0.78257 – 0.78316 – 0.78402 – 0.7828 —
0.78729 – 0.78763 —
61.899054721177 – 63.774076363787 —
– —
0.78733 – 1776976200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –