USD/CHF – 1H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.91280 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.90978 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The 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 | |
| 2nd High | 0.91370 |
| Next High | 0.91280 |
| Current Price | 0.91244 |
| Next Low | 0.90978 |
| 2nd Low | 0.90224 |
| 3rd Low | 0.90081 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers