USD/CHF – 1H – BUY

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

A bullish trend up to the next resistance line at 0.78272 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.7782 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.

Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Then a ‘Morning Star’ candle pattern is detected. The chart forms ‘Morning Star’. 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 chance of ‘Morning Star’ heading up is 78% (Bull Market) & 65% (Bear Market).

0.78272 – 0.78374 – 0.78348 – 0.7782 – 0.77902 – 0.76707 —
0.78245 – 0.77699 —
42.581397091354 – 30.058644129128 —
– —
0.78272 – 1772805600

Trading Signals: FOREX – USD – USD/CHF – CHF – Morning Star – – – – – – – – –