USD/CHF – 30M – SELL

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

A bearish descent down to the next support level at 0.79673 is certain.

Caution: A possible change in the direction of the resistance line at 0.80172 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.80172 – 0.80156 – 0.79799 – 0.79673 – 0.79556 – 0.79721 —
0.80142 – 0.80268 —
60.982552714171 – 71.524351957523 —
– —
0.80172 – 1768363200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – – – – – – – –