USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 0.77272 will persist.
Caution: A possible change in the direction of the support zone at 0.76283 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77934 |
| 2nd High | 0.77837 |
| Next High | 0.77272 |
| Current Price | 0.76700 |
| Next Low | 0.76283 |
| 2nd Low | 0.76027 |
| 3rd Low |
0.77272 – 0.76937 – 0.77837 – 0.76283 – 0.76027 – 0.77525 —
0.76942 – 0.76604 —
51.274661467238 – 34.923486620783 —
– —
0.77272 – 1769634000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –