USD/CHF – 30M – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline up.

A continuation of the upward movement upwards to the next resistance at 0.78946 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.78466 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.78946 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.78946 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.78946 – 0.78632 – 0.78082 – 0.78466 – 0.7801 – 0.77829 —
0.78868 – 0.78701 —
64.43503280767 – 46.644934703185 —
– —
0.78946 – 1773399600

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