USD/CHF – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.79609 is expected.

Caution: A possible change in the direction of the resistance line at 0.80179 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.80179 – 0.80144 – 0.79909 – 0.79609 – 0.7967 – 0.79775 —
0.79853 – 0.79818 —
45.693045313994 – 49.631611862689 —
– —
0.80179 – 1775449800

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