The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 0.78374 is certain.
Caution: A possible change in the direction of the support line at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.
Then a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80405 |
| 2nd High | 0.78784 |
| Next High | 0.78374 |
| Current Price | 0.78203 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.78374 – 0.78784 – 0.7772 – 0.77478 – 0.7782 – 0.76707 —
0.77662 – 0.78055 —
41.098283245598 – 56.12029054447 —
0.77478 – 1773158400 —
0.78374 – 1772740800
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –