USD/CHF – 30M – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.

A bearish descent down to the next support level at 0.79859 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.80173 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.80051662 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.80173 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Inside Down’ candle pattern is found. The candles show ‘Three Inside Down’. 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 probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.80173 – 0.80033 – 0.80009 – 0.79859 – 0.79817 – 0.79679 —
0.80118 – 0.80170 —
56.521948015456 – 62.459377549721 —
– —
0.80173 – 1767978000

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –