USD/CHF – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.77419 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.77857 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.76989856 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.77857 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.77857 – 0.77837 – 0.77869 – 0.77419 – 0.77455 – 0.77383 —
0.77615 – 0.77556 —
43.577554829874 – 38.192338917567 —
– —
0.77857 – 1770372000

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –