USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 0.89483 will persist.
Caution: A possible counter-trend in the direction of the support line at 0.88984 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Tri-Star’ candle pattern is discovered. The candles show ‘Bullish Tri-Star’. 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 probability of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.89574 |
| Next High | 0.89483 |
| Current Price | 0.89398 |
| Next Low | 0.88984 |
| 2nd Low | 0.88161 |
| 3rd Low | 0.88106 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Tri-Star