The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 0.77176 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.76699 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.
Moreover a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The pair is likely to go up.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.773 |
| 2nd High | 0.77248 |
| Next High | 0.77176 |
| Current Price | 0.76830 |
| Next Low | 0.76699 |
| 2nd Low | 0.76665 |
| 3rd Low | 0.76479 |
0.77176 – 0.77248 – 0.77181 – 0.76699 – 0.76755 – 0.76665 —
0.76800 – 0.76794 —
40.774761942998 – 43.191358153354 —
– —
0.77176 – 1770975000
Trading Signals: FOREX – USD – USD/CHF – CHF – – – – – – – – – –