USD/CHF – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.79477 is expected.

Caution: A possible change in the direction of resistance at 0.79747 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Collapsing Doji Star’ candlestick chart pattern is detected. The candles form ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

0.79747 – 0.80126 – 0.80059 – 0.79477 – 0.79405 – 0.79724 —
0.79643 – 0.79737 —
48.40718764881 – 57.958999525076 —
– —
0.79747 – 1781260200

Trading Signals: FOREX – USD – USD/CHF – CHF – Collapsing Doji Star – – – – – – – – –