USD/CHF – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A bearish descent downwards to the next support level at 0.78316 is certain.

Caution: A possible change in the direction of the resistance line at 0.78763 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.78763 – 0.78733 – 0.78585 – 0.78316 – 0.78402 – 0.7828 —
0.78700 – 0.78674 —
56.070103241858 – 55.244252838117 —
– —
0.78763 – 1777024800

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