USD/CHF – 30M – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards

An ascent up to the next resistance at 0.78653 will continue.

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

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.78659638 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 0.78653 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

0.78653 – 0.78742 – 0.78763 – 0.78335 – 0.78316 – 0.78402 —
0.78448 – 0.78505 —
47.281506682811 – 54.439857373538 —
– —
0.78653 – 1777257000

Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –