USD/CHF – 30M – BUY

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

The bullish trend upwards to the next resistance at 0.81012 is certain.

Caution: A possible change in the direction of support at 0.80727 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.809865 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.81012 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bullish Belt Hold’ chart pattern is detected. The candles show ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.81012 – 0.81033 – 0.81116 – 0.80727 – 0.80628 – 0.80827 —
0.81126 – 0.80907 —
65.540226363307 – 42.248224708583 —
– —
0.81012 – 1782822600

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