USD/CHF – 1H – BUY

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.7928554 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.79395 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. 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 probability of ‘Bullish Engulfing’ heading up is 63%.

0.79395 – 0.79053 – 0.79577 – 0.78342 – 0.7855 – 0.78572 —
0.78887 – 0.79161 —
50.398795109777 – 61.140101990791 —
– —
0.79395 – 1774274400

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