USD/CHF – 1H – SELL

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

A continuation of the bearish trend down to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.77857 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.77857 – 0.77837 – 0.77869 – 0.77419 – 0.77455 – 0.77383 —
0.77674 – 0.77615 —
36.6954212946 – 43.577553286625 —
– —
0.77857 – 1770372000

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – – – – – – – – –