USD/CHF – 30M – BUYCorrection 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 0.79894 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.79876 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Belt Hold’ candle chart pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80423 |
| 2nd High | 0.80179 |
| Next High | 0.79876 |
| Current Price | 0.79790 |
| Next Low | 0.79609 |
| 2nd Low | 0.79278 |
| 3rd Low | 0.79061 |
0.79876 – 0.80179 – 0.80144 – 0.79609 – 0.7967 – 0.79775 —
0.79846 – 0.79782 —
51.484595780899 – 43.39102598488 —
– —
0.79876 – 1775505600
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Belt Hold – – – – – – – – –