Buy USD/CHF – 1H – BUY

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

A descent down to the next support level at 0.90224 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.91370 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High
2nd High
Next High 0.91370
Current Price 0.90760
Next Low 0.90224
2nd Low 0.90081
3rd Low 0.89843

Download USD/CHF Signal Image

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