USD/CHF – 30M – BUY

The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline up.

A continuation of the upward movement up to the next resistance line at 0.77934 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 0.77305 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Bearish SBS White Lines’ candle chart pattern is existing. The chart forms ‘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 likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.77934 – 0.77926 – 0.79142 – 0.77305 – 0.77526 – 0.77413 —
0.77567 – 0.77706 —
41.01603907556 – 46.957792199563 —
0.77305 – 1769450400 —
0.77934 – 1769439600

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines – – – – – – – – –