USD/CHF – 1H – SELL

There is also a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.78994 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.79577 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. 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’ going down is 69% (Bull Market) & 70% (Bear Market).

0.79053 – 0.79577 – 0.79358 – 0.7855 – 0.78572 – 0.78411 —
0.78952 – 0.79379 —
52.828979343215 – 71.580283041652 —
– —
0.79053 – 1774026000

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