USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards

The bearish trend down to the next support line at is likely expected.

Caution: A possible change in the direction of the resistance level at 0.78374 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.78374 – 0.78186 – 0.78348 – 0.7794 – 0.77849 – 0.7782 —
0.78218 – 0.77973 —
59.725546955783 – 38.503713511592 —
– —
0.78374 – 1772746200

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