USD/CHF – 30M – BUY

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.820055 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.83346 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The 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).

0.83346 – 0.82880 – 0.83110 – 0.82533 – 0.82391 – 0.81969

Download USD/CHF Signal Image

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