USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.89453 is expected.
Caution: A possible change in the direction of support at 0.89171 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Line Strike – Bullish’ candlestick pattern is existing. The chart forms ‘Three Line Strike – Bullish’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.89745 |
| Next High | 0.89453 |
| Current Price | 0.89777 |
| Next Low | 0.89171 |
| 2nd Low | 0.89144 |
| 3rd Low | 0.88984 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Line Strike – Bullish