USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance level at will continue.
Caution: A possible counter-trend in the direction of the support line at 0.88069 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.88415 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.88501 |
| Next Low | 0.88069 |
| 2nd Low | 0.88025 |
| 3rd Low | 0.87510 |