USD/CHF – 1H – BUYAdditionally a ‘Bullish Meeting Lines’ candlestick chart pattern is detected. The chart forms ‘Bullish Meeting Lines’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Meeting Lines’ heading up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88885 |
| 2nd High | 0.88794 |
| Next High | 0.88539 |
| Current Price | 0.88381 |
| Next Low | 0.88106 |
| 2nd Low | 0.87706 |
| 3rd Low | 0.87584 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Meeting Lines