USD/CHF – 30M – SELL

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

A descent downwards to the next support level at 0.7951 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.79798 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.79798 – 0.79588 – 0.79241 – 0.7951 – 0.79523 – 0.7913 —
0.79991 – 0.79909 —
64.470047847896 – 56.518471084924 —
– —
0.79798 – 1774623600

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