USD/CHF – 4H – SELL

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

A continuation of the downtrend down to the next support at 0.77788 will continue.

Caution: A possible change in the direction of the resistance level at 0.7848 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.7848 – 0.79247 – 0.78763 – 0.77788 – 0.78306 – 0.77749 —
0.77981 – 0.78084 —
33.896942052424 – 47.934445649424 —
– —
0.7848 – 1777968000

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –