The combination US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.7774 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.77929 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78197 |
| 2nd High | 0.78038 |
| Next High | 0.77929 |
| Current Price | 0.77767 |
| Next Low | 0.7774 |
| 2nd Low | 0.77709 |
| 3rd Low | 0.77649 |
0.77929 – 0.78038 – 0.78197 – 0.7774 – 0.77709 – 0.78079 —
0.77830 – 0.77804 —
44.60960534591 – 50.633277594551 —
– —
0.77929 – 1778124600
Trading Signals: FOREX – USD – USD/CHF – CHF – Two Crows – – – – – – – – –