USD/CHF – 4H – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.78306 is likely expected.

Caution: A possible change in the direction of resistance at 0.79339 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K crosses above 0.2’ indicator signal is found. The indicator is ‘StochRSI %K crosses above 0.2’. which could be a positive chart signal. The currency pair could go up.

Moreover a ‘Southern Doji’ chart pattern is discovered. The chart forms ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).

0.78763 – 0.78454 – 0.79339 – 0.78306 – 0.77749 – 0.779 —
0.79032 – 0.78524 —
69.052258875369 – 34.504624298535 —
– —
0.78763 – 1777017600

Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji – – – – – – – – –