USD/CHF – 30M – BUY

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

A bullish ascent up to the next resistance at 0.79914 is certain.

Caution: A possible trend reversal in the direction of the support line at 0.79481 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 0.79914 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.79914 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

0.79914 – 0.79839 – 0.79864 – 0.79481 – 0.79576 – 0.79469 —
0.79777 – 0.79810 —
58.315116655397 – 55.506569665536 —
– —
0.79914 – 1781033400

Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –