USD/CHF – 1H – SELL

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

A continuation of the downtrend down to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.7848 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.7848 – 0.78474 – 0.78183 – 0.77655 – 0.77709 – 0.77788 —
0.78054 – 0.78077 —
63.443471297846 – 60.335660398 —
– —
0.7848 – 1777968000

Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low – – – – – – – – –