USD/CHF – 1H – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance line at 0.80125 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Bearish Belt Hold’ chart pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.80125 – 0.79588 – 0.79241 – 0.7971 – 0.7951 – 0.78697 —
0.80379 – 0.80101 —
71.2594304264 – 43.36562724248 —
– —
0.80125 – 1774890000

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Belt Hold – – – – – – – – –