USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 0.90083 is expected.
Caution: A possible change in the direction of the support level at 0.89771 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish SBS White Lines’ candle pattern is existing. The chart shows ‘Bearish SBS White Lines’. 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 SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.90214 |
| Next High | 0.90083 |
| Current Price | 0.89984 |
| Next Low | 0.89771 |
| 2nd Low | 0.89126 |
| 3rd Low | 0.88984 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines