USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish movement downwards to the next support at 0.87952 will persist.
Caution: A possible change in the direction of the resistance zone at 0.88275 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency 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 | 0.88868 |
| 2nd High | 0.88478 |
| Next High | 0.88275 |
| Current Price | 0.88119 |
| Next Low | 0.87952 |
| 2nd Low | 0.87510 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers