USD/CHF – 30M – SELL

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

A descending movement downwards to the next support line at 0.80534 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.80915 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is discovered. 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 probability of ‘Bearish Engulfing’ heading down is 79%.

0.80915 – 0.80618 – 0.80495 – 0.80534 – 0.80353 – 0.80206 —
0.80662 – 0.80792 —
53.406403338965 – 61.532661408846 —
– —
0.80915 – 1781856000

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