USD/CHF – 30M – SELL

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

The bearish trend down to the next support at is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.78171 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.78171 – 0.77473 – 0.76997 – 0.77139 – 0.76625 – 0.76354 —
0.77797 – 0.77814 —
45.829360032527 – 42.812133794906 —
– —
0.78171 – 1770053400

Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low – – – – – – – – –