USD/CHF – 30M – SELL

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.82392302 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.83182 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

There is also a ‘Head and Shoulder chart pattern’ chart layout is detected. The formation shows ‘Head and Shoulder chart pattern’. which is a negative chart scenario. The pair is likely to go down.

0.83182 – 0.83330 – 0.82726 – 0.82556 – 0.82137 – 0.82265

Download USD/CHF Signal Image

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