USD/CHF – 30M – BUY

The combination US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards

An ascent upwards to the next resistance at 0.7772 is likely expected.

Caution: A possible change in the direction of the support line at 0.77492 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair is likely to rise.

And also a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bullish chart signal. The currency pair is likely to rise.

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.77950152 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 0.7772 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Up’ candle pattern is found. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.7772 – 0.77656 – 0.77888 – 0.77492 – 0.77455 – 0.77383 —
0.77630 – 0.77679 —
46.075461442052 – 45.236235575545 —
– —
0.7772 – 1770208200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –