USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards
A descending movement down to the next support at 0.87510 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.88530 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. 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 | 0.88885 |
| 2nd High | 0.88794 |
| Next High | 0.88530 |
| Current Price | 0.87916 |
| Next Low | 0.87510 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86196 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers