USD/CHF – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 0.79605 is certain.

Caution: A possible change in the direction of the resistance line at 0.79991 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Then a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.79991 – 0.79913 – 0.79792 – 0.79605 – 0.79613 – 0.79558 — 32.608809310467 – 23.616555932756 — 0 – 0 – 20.243883021972 – 7.3728740395407

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Double bottom retreat down – –