USD/CHF – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 0.80335 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.80967 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative 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 is certain. Current target is 0.8058756 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.80967 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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 fall. 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).

0.80967 – 0.81143 – 0.81512 – 0.80335 – 0.80603 – 0.80744 —
0.80859 – 0.80924 —
55.38240167566 – 59.407727592261 —
– —
0.80967 – 1784232000

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –