USD/CHF – 30M – SELL

The pair US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support at 0.77614 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.77950 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.77950 – 0.78089 – 0.77929 – 0.77614 – 0.77655 – 0.7774 —
0.77950 – 0.77864 —
66.83487592569 – 54.132156980933 —
0.77950 – 1778488200 —
– 1778488200

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