USD/CHF – 1H – SELL

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

A bearish descent downwards to the next support at 0.77918 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.78585 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.78406096 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.78585 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.78585 – 0.78257 – 0.78392 – 0.77918 – 0.77826 – 0.77751 —
0.78552 – 0.78568 —
62.557554276839 – 59.599587687144 —
– —
0.78585 – 1776913200

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