USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.80108 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.78716 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. which is a positive chart scenario. 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 | 0.80423 |
| 2nd High | 0.80179 |
| Next High | 0.80108 |
| Current Price | 0.79741 |
| Next Low | 0.78716 |
| 2nd Low | 0.78676 |
| 3rd Low | 0.7844 |
0.79268 – 0.78842 – 0.78469 – 0.78716 – 0.78676 – 0.7844 —
0.79792 – 0.79763 —
70.073203864767 – 58.357513022069 —
– —
0.79268 – 1780520400
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –