The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards
A descent downwards to the next support line at 0.77951 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.80126 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80423 |
| 2nd High | 0.80179 |
| Next High | 0.80126 |
| Current Price | 0.79171 |
| Next Low | 0.77951 |
| 2nd Low | 0.77614 |
| 3rd Low | 0.77478 |
0.80126 – 0.79268 – 0.7899 – 0.79208 – 0.77951 – 0.78076 —
0.79490 – 0.79324 —
46.908348484452 – 41.028621446431 —
– —
0.80126 – 1781208000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –