USD/CHF – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.78901 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.79684 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.78782 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.79684 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.79684 – 0.79309 – 0.79202 – 0.78901 – 0.78894 – 0.78782 —
0.79275 – 0.79107 —
38.197009223741 – 24.153696231512 —
– —
0.79684 – 1769031000

Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low – – – – – – – – –