The pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 0.77057 will continue.
Caution: A possible trend reversal in the direction of support at 0.76283 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77837 |
| 2nd High | 0.77272 |
| Next High | 0.77057 |
| Current Price | 0.76832 |
| Next Low | 0.76283 |
| 2nd Low | 0.76027 |
| 3rd Low |
0.77057 – 0.77272 – 0.76937 – 0.76483 – 0.76465 – 0.76283 —
0.76590 – 0.76720 —
39.211896824016 – 56.817706316051 —
– —
0.77057 – 1769706000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – Double bottom chart pattern – – – – – – – –