USD/CHF – 1H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.7782 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.78272 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.78272 – 0.78374 – 0.78348 – 0.7782 – 0.77902 – 0.76707 —
0.77715 – 0.78244 —
34.077548045065 – 61.485916600157 —
– —
0.78272 – 1772805600

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – – – – – – – –