USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards

A bearish movement downwards to the next support at 0.78581 is expected.

Caution: A possible change in the direction of the resistance level at 0.79229 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.78247 – 0.78307 – 0.78231 – 0.78581 – 0.78382 – 0.78075 —
0.78700 – 0.78740 —
55.9150490262 – 54.465416394701 —
– —
0.78247 – 1778756400

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