USD/CHF – 1H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards

A bullish movement upwards to the next resistance line at 0.79339 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.77918 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.78585 – 0.78257 – 0.78392 – 0.77918 – 0.77826 – 0.77751 —
0.78633 – 0.78654 —
60.103452936814 – 61.930497819618 —
– —
0.78585 – 1776913200

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