USD/CHF – 4H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 0.773 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.76288 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candle pattern is found. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80405 |
| 2nd High | 0.78171 |
| Next High | 0.773 |
| Current Price | 0.76987 |
| Next Low | 0.76288 |
| 2nd Low | 0.76027 |
| 3rd Low |
0.773 – 0.78171 – 0.80405 – 0.76288 – 0.77419 – 0.76027 —
0.76979 – 0.76882 —
47.915617999875 – 46.513128509283 —
– —
0.773 – 1770825600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –