The pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.80967 is likely expected.
Caution: A possible change in the direction of the support level at 0.80335 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Moreover a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81512 |
| 2nd High | 0.81143 |
| Next High | 0.80967 |
| Current Price | 0.80795 |
| Next Low | 0.80335 |
| 2nd Low | 0.80302 |
| 3rd Low | 0.80103 |
0.80967 – 0.81143 – 0.81512 – 0.80335 – 0.80603 – 0.80744 —
0.80912 – 0.80746 —
58.717732086648 – 37.697997221344 —
– —
0.80967 – 1784232000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –