USD/CHF – 1H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 0.81012 will continue.
Caution: A possible counter-trend in the direction of support at 0.80628 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Belt Hold’ candle chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81116 |
| 2nd High | 0.81033 |
| Next High | 0.81012 |
| Current Price | 0.81086 |
| Next Low | 0.80628 |
| 2nd Low | 0.79097 |
| 3rd Low | 0.78716 |
0.81012 – 0.81033 – 0.81116 – 0.80628 – 0.8071 – 0.80658 —
0.80932 – 0.81045 —
55.524654529481 – 64.191435171412 —
– —
0.81012 – 1782820800
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Belt Hold – – – – – – – – –