USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 0.78198 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.78474 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Bearish Belt Hold’ candle pattern is found. The chart forms ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.78474 – 0.78468 – 0.78183 – 0.78198 – 0.77994 – 0.7783 —
0.78405 – 0.78423 —
57.475484433694 – 54.088828940155 —
– —
0.78474 – 1777923000

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