USD/CHF – 1H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A descent down to the next support at 0.78716 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.79594 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Moreover a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80126 |
| 2nd High | 0.79756 |
| Next High | 0.79594 |
| Current Price | 0.79201 |
| Next Low | 0.78716 |
| 2nd Low | 0.78676 |
| 3rd Low | 0.7844 |
0.79594 – 0.79756 – 0.80126 – 0.79212 – 0.79208 – 0.79405 —
0.79337 – 0.79260 —
41.721028372835 – 37.497119769086 —
– —
0.79594 – 1781600400
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low – – – – – – – – –