USD/CHF – 30M – SELL

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

The bearish trend down to the next support line at 0.76861 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 0.77042 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.

0.77042 – 0.76884 – 0.77176 – 0.76861 – 0.76786 – 0.76693 —
0.76975 – 0.76983 —
54.18765507671 – 54.11909379129 —
– —
0.77042 – 1771255800

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