USD/CHF – 30M – SELL

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

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

Caution: A possible change in the direction of the resistance zone at 0.79433 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Southern Doji’ candlestick chart pattern is found. The candles form ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.79433 – 0.79936 – 0.80074 – 0.79014 – 0.78718 – 0.79147

Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji – Double top chart pattern