USD/CHF – 30M – BUY

The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline upwards

A continuation of the bullish trend up to the next resistance level at 0.90736 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.90248 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.90525252 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.90736 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

Download USD/CHF Signal Image

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up