USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.90272 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.90022 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.90272 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.90272 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90272 |
| Current Price | 0.90202 |
| Next Low | 0.90022 |
| 2nd Low | 0.89843 |
| 3rd Low | 0.89771 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up