USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance line at 0.78253 will persist.
Caution: A possible change in the direction of the support level at 0.77595 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78374 |
| 2nd High | 0.78272 |
| Next High | 0.78253 |
| Current Price | 0.77799 |
| Next Low | 0.77595 |
| 2nd Low | 0.76707 |
| 3rd Low | 0.76693 |
0.78253 – 0.78272 – 0.78374 – 0.77595 – 0.7782 – 0.77902 —
0.78028 – 0.77802 —
53.249105561195 – 43.076127273399 —
– —
0.78253 – 1773032400
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –