USD/CHF – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A descending movement down to the next support line at 0.81562 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.81991 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart 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 is certain. Target of the current trend is 0.814385 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.81991 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

0.81991 – 0.81728 – 0.81467 – 0.81562 – 0.81533 – 0.81201

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows