USD/CHF – 30M – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 0.7794 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.78374 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Three Inside Down’ candlestick pattern is detected. The chart forms ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.78374 – 0.78186 – 0.78348 – 0.7794 – 0.77849 – 0.7782 —
0.78127 – 0.78244 —
55.735788366294 – 61.482555696955 —
– —
0.78374 – 1772746200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Inside Down – – – – – – – – –