USD/CHF – 30M – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards

A bearish descent downwards to the next support level at 0.80012 will continue.

Caution: A possible change in the direction of the resistance level at 0.80405 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.80405 – 0.80274 – 0.80172 – 0.80012 – 0.79832 – 0.79673 —
0.80311 – 0.80367 —
57.878689838504 – 64.223201805938 —
– —
0.80405 – 1768496400

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