USD/CHF – 30M – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 0.77336 will continue.

Caution: A possible trend reversal in the direction of support at 0.772 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.77336 – 0.77319 – 0.77213 – 0.772 – 0.76938 – 0.76996 —
0.77376 – 0.77575 —
64.916604498647 – 66.421911459165 —
– —
0.77336 – 1771482600

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