The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 0.78186 is likely expected.
Caution: A possible change in the direction of the support level at 0.77849 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78784 |
| 2nd High | 0.78348 |
| Next High | 0.78186 |
| Current Price | 0.78078 |
| Next Low | 0.77849 |
| 2nd Low | 0.7782 |
| 3rd Low | 0.76707 |
0.78186 – 0.78348 – 0.78332 – 0.77849 – 0.7782 – 0.77902 —
0.78266 – 0.78086 —
59.25141965303 – 44.913995517337 —
– —
0.78186 – 1772697600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –