USD/CHF – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.77419 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.77869 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency 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%.

0.77869 – 0.78171 – 0.76999 – 0.77419 – 0.77455 – 0.77383 —
0.77721 – 0.77794 —
51.473169596687 – 53.204440637225 —
– —
0.77869 – 1770278400

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –