USD/CHF – 1H – BUYAdditionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.78374 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.78784 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.79684 |
| 2nd High | 0.79142 |
| Next High | 0.78784 |
| Current Price | 0.78549 |
| Next Low | 0.77649 |
| 2nd Low | 0.77478 |
| 3rd Low | 0.76707 |
0.77919 – 0.78253 – 0.78272 – 0.77649 – 0.77478 – 0.77595 —
0.78215 – 0.78503 —
50.073191490827 – 70.961270566282 —
– —
0.77919 – 1773180000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –