USD/CHF – 1H – BUYFurthermore a ‘Bullish Engulfing’ candle chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92007 |
| Current Price | 0.91652 |
| Next Low | 0.91540 |
| 2nd Low | 0.90978 |
| 3rd Low | 0.90224 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Engulfing