USD/CHF – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support at 0.80886 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.81467 could happen.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.81018 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.81467 could happen.
Consider stop-loss settings accordingly.

And also a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.81467 – 0.81337 – 0.81481 – 0.80886 – 0.81066 – 0.80555

Trading Signals: FOREX – USD – USD/CHF – CHF – Two Crows