USD/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.8891 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.88943 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89574 |
| 2nd High | 0.89168 |
| Next High | 0.88943 |
| Current Price | 0.88654 |
| Next Low | 0.88483 |
| 2nd Low | 0.88246 |
| 3rd Low | 0.88207 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers