USD/CHF – 1H – BUY

In addition a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.77926 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.77919 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bullish Engulfing’ candle pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

0.77919 – 0.78253 – 0.78272 – 0.77478 – 0.77595 – 0.7782 —
0.77883 – 0.77722 —
57.974532957638 – 47.38095818189 —
– —
0.77919 – 1773180000

Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Engulfing – – – – – – – – –