USD/CHF – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 0.79556 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.79792 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.

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

0.79792 – 0.80175 – 0.80173 – 0.79556 – 0.79721 – 0.79859 —
0.79761 – 0.79746 —
49.200520043477 – 47.411788796679 —
– —
0.79792 – 1768226400

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