USD/CHF – 30M – SELL

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

A descending movement 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.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Southern Doji’ candlestick pattern is existing. The candles show ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.80405 – 0.80274 – 0.80172 – 0.80012 – 0.79832 – 0.79673 —
0.80324 – 0.80365 —
61.342373284146 – 59.866918692552 —
– —
0.80405 – 1768496400

Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji – – – – – – – – –