USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at 0.79784 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.80009 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Southern Doji’ candlestick pattern is found. The chart forms ‘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 likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.80009 – 0.79876 – 0.80179 – 0.79784 – 0.79711 – 0.79609 —
0.79987 – 0.80061 —
56.405381228554 – 53.344065342123 —
– —
0.80009 – 1775538000

Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –