USD/CHF – 30M – SELL

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

A descending movement down to the next support line at 0.76755 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.77176 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.76672756 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.77176 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Two Crows’ candle chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.77176 – 0.77248 – 0.77181 – 0.76755 – 0.76665 – 0.76997 —
0.76972 – 0.76917 —
48.840658110186 – 43.008127805063 —
– —
0.77176 – 1770975000

Trading Signals: FOREX – USD – USD/CHF – CHF – Two Crows – Double bottom retreat down – – – – – – – –