USD/CHF – 1H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.

An ascent up to the next resistance level at 0.78257 will continue.

Caution: A possible counter-trend in the direction of the support zone at is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.

Next a ‘StochOSC Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘StochOSC Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.7828762 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.78257 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.78257 – 0.78392 – 0.78399 – 0.77826 – 0.77751 – 0.77749 —
0.78084 – 0.78136 —
54.555381298435 – 54.952866449678 —
– —
0.78257 – 1776801600

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –