USD/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.78294368 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.79229 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Inverted Hammer’ candle pattern is discovered. The chart shows ‘Inverted Hammer’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79339 |
| 2nd High | 0.79247 |
| Next High | 0.79229 |
| Current Price | 0.78099 |
| Next Low | 0.78035 |
| 2nd Low | 0.77918 |
| 3rd Low | 0.77826 |
0.79229 – 0.79247 – 0.79109 – 0.78035 – 0.7895 – 0.78828 —
0.78171 – 0.78293 —
34.531472269334 – 57.359885073122 —
– —
0.79229 – 1777534200
Trading Signals: FOREX – USD – USD/CHF – CHF – Inverted Hammer – – – – – – – – –