The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 0.78474 is certain.
Caution: A possible change in the direction of the support zone at 0.78198 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Three Outside Up’ chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79247 |
| 2nd High | 0.79229 |
| Next High | 0.78474 |
| Current Price | 0.78405 |
| Next Low | 0.78198 |
| 2nd Low | 0.77994 |
| 3rd Low | 0.7783 |
0.78474 – 0.78468 – 0.78183 – 0.78198 – 0.77994 – 0.7783 —
0.78378 – 0.78380 —
56.371064434274 – 52.80008962356 —
– —
0.78474 – 1777923000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –