Sell USD/CHF – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.90224 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.90969 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Engulfing’ candle pattern is detected. The candles show ‘Bearish Engulfing’. this 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 ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 0.91074
2nd High 0.91045
Next High 0.90969
Current Price 0.90917
Next Low 0.90224
2nd Low 0.90081
3rd Low 0.90022

Download USD/CHF Signal Image

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