USD/CHF – 30M – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A continuation of the downtrend down to the next support level at 0.78342 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.78893 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.78893 – 0.79395 – 0.79053 – 0.78342 – 0.78658 – 0.7855 —
0.78893 – 0.78725 —
57.157450268705 – 46.014738489447 —
– —
0.78893 – 1774335600

Trading Signals: FOREX – USD – USD/CHF – CHF – Last Engulfing Top – Symmetrical Triangle Chart Pattern – – – – – – – –