The combination US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 0.77176 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.76874 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Furthermore a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.773 |
| 2nd High | 0.77248 |
| Next High | 0.77176 |
| Current Price | 0.77066 |
| Next Low | 0.76874 |
| 2nd Low | 0.76861 |
| 3rd Low | 0.76786 |
0.77011 – 0.77042 – 0.76884 – 0.76874 – 0.76861 – 0.76786 —
0.77054 – 0.77078 —
51.910060591555 – 61.599914782163 —
– —
0.77011 – 1771297200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –