USD/CHF – 30M – SELL

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

A bearish movement down to the next support at 0.78316 will persist.

Caution: A possible change in the direction of the resistance level at 0.78733 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.78733 – 0.78585 – 0.78257 – 0.78316 – 0.78402 – 0.7828 —
0.78632 – 0.78631 —
59.827354559066 – 58.270747361104 —
– —
0.78733 – 1776976200

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – – – – – – – – –