USD/CHF – 30M – BUY

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.77354 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.77573 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bullish Belt Hold’ candle pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.77573 – 0.77439 – 0.77507 – 0.77051 – 0.77189 – 0.77302 —
0.77219 – 0.77252 —
44.931204507296 – 50.350023254477 —
– —
0.77573 – 1772026200

Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Belt Hold – – – – – – – – –