Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.
The bearish trend downwards to the next support at 0.77478 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.7848 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Next a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79339 |
| 2nd High | 0.79247 |
| Next High | 0.7848 |
| Current Price | 0.77732 |
| Next Low | 0.77478 |
| 2nd Low | 0.76707 |
| 3rd Low | 0.76288 |
0.7848 – 0.79247 – 0.78763 – 0.77788 – 0.78306 – 0.77749 —
0.77927 – 0.78009 —
35.520209722122 – 39.068011153724 —
– —
0.7848 – 1777968000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –