USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.91298 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.91123 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Two-Candle Shooting Star’ chart pattern is detected. The chart forms ‘Two-Candle Shooting Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91370 |
| 2nd High | 0.91306 |
| Next High | 0.91298 |
| Current Price | 0.91200 |
| Next Low | 0.91123 |
| 2nd Low | 0.91065 |
| 3rd Low | 0.90978 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Two-Candle Shooting Star