USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards
A descent downwards to the next support line at 0.90081 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.91045 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bullish Belt Hold’ chart pattern is found. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91243 |
| 2nd High | 0.91074 |
| Next High | 0.91045 |
| Current Price | 0.90591 |
| Next Low | 0.90081 |
| 2nd Low | 0.90022 |
| 3rd Low | 0.89843 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Belt Hold