USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.90799 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.90227 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 0.90799 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.90799 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘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 probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90799 |
| Current Price | 0.90772 |
| Next Low | 0.90227 |
| 2nd Low | 0.90099 |
| 3rd Low | 0.90022 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers