USD/CHF – 1H – SELL

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

The bearish trend downwards to the next support at 0.76665 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.77176 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.77176 – 0.77248 – 0.773 – 0.76665 – 0.76288 – 0.77419 —
0.77077 – 0.77031 —
52.357690751807 – 55.499411104481 —
– —
0.77176 – 1770973200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –