USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.77919 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Bearish Belt Hold’ candlestick pattern is discovered. The chart forms ‘Bearish Belt Hold’. 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 Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.77919 – 0.77828 – 0.78073 – 0.77478 – 0.77655 – 0.77792 —
0.77736 – 0.77796 —
44.907499322791 – 53.608267225766 —
– —
0.77919 – 1773181800

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