USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 0.77505 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.77857 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

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

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.775153 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.77857 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

0.77857 – 0.77837 – 0.77869 – 0.77505 – 0.7761 – 0.77419 —
0.77575 – 0.77714 —
39.321753876457 – 56.861338237975 —
– —
0.77857 – 1770373800

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