USD/CHF – 30M – BUYIn addition a ‘Double top retreat up’ chart pattern is found. The formation shows ‘Double top retreat up’. which is a bullish signal. The currency pair is likely to go up.
The combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 0.80412 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.80405 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80833 |
| 2nd High | 0.80621 |
| Next High | 0.80412 |
| Current Price | 0.80439 |
| Next Low | 0.80405 |
| 2nd Low | 0.80262 |
| 3rd Low | 0.79852 |
0.80412 – 0.80621 – 0.80833 – 0.80436 – 0.80405 – 0.8046 —
0.80337 – 0.80417 —
33.944717792734 – 53.404045092966 —
– —
0.80412 – 1764547200
Trading Signals: FOREX – USD – USD/CHF – CHF – – Double top retreat up – – – – – – – –