USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
An ascending movement up to the next resistance level at 0.87967 is certain.
Caution: A possible change in the direction of the support zone at 0.87008 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive 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 | 0.88794 |
| 2nd High | 0.88530 |
| Next High | 0.87967 |
| Current Price | 0.87869 |
| Next Low | 0.87008 |
| 2nd Low | 0.86196 |
| 3rd Low | 0.86157 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers