USD/CHF – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.77849 is expected.

Caution: A possible change in the direction of the resistance level at 0.78374 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘StochRSI Hidden Bearish Divergence’ indicator signal is discovered. The indicator is ‘StochRSI Hidden Bearish Divergence’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.77950744 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.78374 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.78374 – 0.78186 – 0.78348 – 0.77849 – 0.7782 – 0.77902 —
0.78057 – 0.78130 —
45.665150231854 – 51.902497331378 —
– —
0.78374 – 1772746200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –