USD/CHF – 30M – SELL

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

A descent downwards to the next support line at 0.76874 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.77248 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.77011 – 0.77042 – 0.76884 – 0.76874 – 0.76861 – 0.76786 —
0.77059 – 0.77397 —
61.974403005659 – 82.291244384661 —
– —
0.77011 – 1771297200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –