USD/CHF – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.77918 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.78301 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.78301 – 0.79229 – 0.79247 – 0.78035 – 0.7895 – 0.78828 —
0.78186 – 0.78033 —
48.048079363613 – 41.037977653049 —
– —
0.78301 – 1777627800

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