USD/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.82726 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.83183 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Line Strike – Bullish’ candlestick chart pattern is existing. The candles form ‘Three Line Strike – Bullish’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85745 |
| 2nd High | 0.83346 |
| Next High | 0.83183 |
| Current Price | 0.82874 |
| Next Low | 0.82137 |
| 2nd Low | 0.81966 |
| 3rd Low | 0.80665 |
0.82726 – 0.82631 – 0.82485 – 0.82137 – 0.82265 – 0.82167
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Line Strike – Bullish