USD/CHF – 1H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline downwards

A continuation of the downward movement down to the next support level at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.7848 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.7848 – 0.78474 – 0.78183 – 0.77655 – 0.77709 – 0.77788 —
0.77832 – 0.78084 —
48.718940618684 – 61.088670568525 —
– —
0.7848 – 1777968000

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