USD/CHF – 1H – BUYNext a ‘Double bottom chart pattern’ chart pattern is discovered. The formation shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The pair is likely to go up.
The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 0.80771 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.80353 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8124 |
| 2nd High | 0.80841 |
| Next High | 0.80771 |
| Current Price | 0.80826 |
| Next Low | 0.80353 |
| 2nd Low | 0.79852 |
| 3rd Low | 0.79376 |
0.80771 – 0.79661 – 0.79938 – 0.80353 – 0.79852 – 0.79376 —
0.80722 – 0.80870 —
54.062741267383 – 59.132051768173 —
– —
0.80771 – 1763650800
Trading Signals: FOREX – USD – USD/CHF – CHF – – Double bottom chart pattern – – – – – – – –