USD/CHF – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards

The bearish trend down to the next support line at 0.78466 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.79142 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.78632 – 0.78082 – 0.77919 – 0.78466 – 0.7801 – 0.77829 —
0.78779 – 0.78868 —
74.78173661704 – 64.435033850584 —
– —
0.78632 – 1773358200

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