USD/CHF – 30M – SELL

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

A bearish trend downwards to the next support level at is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.78171 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.772625 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.78171 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Southern Doji’ candlestick pattern is detected. The candles show ‘Southern Doji’. which is a bullish signal. The currency pair is likely to go up. 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).

0.78171 – 0.77473 – 0.76997 – 0.77139 – 0.76625 – 0.76354 —
0.77739 – 0.77851 —
39.87700926064 – 49.679417032877 —
– —
0.78171 – 1770053400

Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji – – – – – – – – –