USD/CHF – 1H – BUY

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline up.

A bullish trend up to the next resistance at 0.79247 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 0.77918 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ” indicator layout is detected. The indicator shows ”. which could be a negative chart scenario. The pair is likely to go down.

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Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Hammer’ candlestick chart pattern is detected. The chart forms ‘Hammer’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).

0.79247 – 0.79109 – 0.78763 – 0.78828 – 0.78306 – 0.78455 —
0.78240 – 0.78191 —
21.221347625705 – 29.321978567884 —
– —
0.79247 – 1777496400

Trading Signals: FOREX – USD – USD/CHF – CHF – Hammer – – – – – – – – –