USD/CHF – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.

A descending movement downwards to the next support line at 0.80269 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.80555 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.80555 – 0.80314 – 0.80303 – 0.80269 – 0.79974 – 0.79937 — 33.847959308724 – 31.735178036495 — 8.1065630002287 – 0 – 24.611787844657 – 11.480458461348

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Rising Wedge Chart Pattern – –