USD/CHF – 30M – SELL

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

A descent downwards to the next support level at 0.78316 will continue.

Caution: A possible change in the direction of the resistance zone at 0.78733 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.78733 – 0.78585 – 0.78257 – 0.78316 – 0.78402 – 0.7828 —
0.78687 – 0.78648 —
58.483371576903 – 50.619138939491 —
– —
0.78733 – 1776976200

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