USD/CHF – 30M – SELL

The pair US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline down.

A continuation of the downward movement down to the next support line at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.79747 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.79747 – 0.80126 – 0.80059 – 0.79477 – 0.79405 – 0.79724 —
0.79750 – 0.79676 —
58.575651642873 – 50.821781130593 —
– —
0.79747 – 1781260200

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