USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.91123 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.91370 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.91337 |
| Next Low | 0.91123 |
| 2nd Low | 0.91065 |
| 3rd Low | 0.90978 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up