USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.90098 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.89843 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. which is a positive 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 White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90214 |
| 2nd High | 0.90118 |
| Next High | 0.90098 |
| Current Price | 0.90046 |
| Next Low | 0.89843 |
| 2nd Low | 0.89771 |
| 3rd Low | 0.89126 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers