USD/CHF – 1H – SELL

The pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.82717 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Additionally a ‘Double top chart pattern’ chart layout is detected. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

0.82717 – 0.82651 – 0.82750 – 0.82096 – 0.82120 – 0.82054

Download USD/CHF Signal Image

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