USD/CHF – 1H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.

A descending movement down to the next support line at is certain.

Caution: A possible change in the direction of the resistance level at 0.80175 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.80175 – 0.79592 – 0.79674 – 0.79556 – 0.79859 – 0.79679 —
0.79701 – 0.79725 —
39.315789596695 – 44.988194847043 —
0.79556 – 1768215600 —
0.80175 – 1768179600

Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low – Double top chart pattern – – – – – – – –