USD/CHF – 30M – SELL

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

A bearish descent down to the next support level at 0.76932 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.77397 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.77397 – 0.77011 – 0.77042 – 0.76932 – 0.76874 – 0.76861 —
0.77110 – 0.77187 —
57.671817399061 – 60.679817750168 —
– —
0.77397 – 1771349400

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