USD/CHF – 30M – BUYAdditionally a ‘Double bottom chart pattern’ chart formation is found. The formation shows ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to rise.
The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.79674 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.79438 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.
Additionally a ‘Hammer’ chart pattern is existing. The chart shows ‘Hammer’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8001 |
| 2nd High | 0.79873 |
| Next High | 0.79674 |
| Current Price | 0.79593 |
| Next Low | 0.79438 |
| 2nd Low | 0.79058 |
| 3rd Low | 0.79044 |
0.79592 – 0.79264 – 0.79674 – 0.79438 – 0.79058 – 0.79044 —
0.79521 – 0.79600 —
48.59484337504 – 56.026630553596 —
– —
0.79592 – 1767735000
Trading Signals: FOREX – USD – USD/CHF – CHF – Hammer – Double bottom chart pattern – – – – – – – –