USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 0.90595 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.90081 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91074 |
| 2nd High | 0.91045 |
| Next High | 0.90595 |
| Current Price | 0.90501 |
| Next Low | 0.90081 |
| 2nd Low | 0.90022 |
| 3rd Low | 0.89843 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers