USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 0.88619 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.88360 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Line Strike – Bullish’ candle chart pattern is detected. The candles show ‘Three Line Strike – Bullish’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88872 |
| 2nd High | 0.88815 |
| Next High | 0.88619 |
| Current Price | 0.88408 |
| Next Low | 0.88360 |
| 2nd Low | 0.88139 |
| 3rd Low | 0.88009 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Line Strike – Bullish