USD/CHF – 1H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.88698 will persist.
Caution: A possible change in the direction of support at 0.88207 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89175 |
| 2nd High | 0.88997 |
| Next High | 0.88698 |
| Current Price | 0.89490 |
| Next Low | 0.88207 |
| 2nd Low | 0.88009 |
| 3rd Low | 0.87971 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers