USD/CHF – 1H – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at is certain.

Caution: A possible change in the direction of the resistance line at 0.79433 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.79433 – 0.80178 – 0.80799 – 0.78718 – 0.79574 – 0.79779

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Inverse Head and Shoulder chart pattern