USD/CHF – 30M – BUY

The combination US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline downwards

A bearish trend down to the next support line at will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.83346 should be noted.
Consider stop-loss settings accordingly.

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

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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