USD/CHF – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 0.79044 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.79674 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.

Next a ‘Tweezers Top’ candle pattern is detected. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.79674 – 0.79408 – 0.7942 – 0.79044 – 0.79009 – 0.7908 —
0.79126 – 0.79333 —
38.862483403088 – 57.95837054371 —
– —
0.79674 – 1767625200

Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – Double bottom retreat down – – – – – – – –