USD/CHF – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.79477 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.79756 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘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’ going down is 79%.

0.79756 – 0.79747 – 0.80126 – 0.79477 – 0.79405 – 0.79724 —
0.79744 – 0.79680 —
50.731272487931 – 51.05079851663 —
– —
0.79756 – 1781283600

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