USD/CHF – 1H – SELL

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

A bearish descent downwards to the next support level at 0.76938 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.77625 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Then a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.77625 – 0.77397 – 0.77042 – 0.76938 – 0.76932 – 0.76861 —
0.77593 – 0.77612 —
62.618979391108 – 62.310364742928 —
– —
0.77625 – 1771516800

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