USD/CHF – 30M – SELL

The pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards

A bearish movement downwards to the next support line at 0.78402 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.78585 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 0.78422574 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.78585 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Collapsing Doji Star’ candlestick chart pattern is detected. The candles form ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).

0.78585 – 0.78257 – 0.78069 – 0.78402 – 0.7828 – 0.77918 —
0.78519 – 0.78592 —
57.404173613514 – 58.047968396516 —
– —
0.78585 – 1776913200

Trading Signals: FOREX – USD – USD/CHF – CHF – Collapsing Doji Star – – – – – – – – –