Buy USD/CHF – 30M – BUY

Next a ‘Falling Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Falling Wedge Chart Pattern’. this is a bullish chart scenario. The currency pair is likely to rise.

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 0.81467 will persist.

Caution: A possible change in the direction of the support zone at 0.81201 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Next a ‘Bullish Engulfing’ candlestick pattern is existing. The chart forms ‘Bullish Engulfing’. 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 ‘Bullish Engulfing’ heading up is 63%.

Support & Resistance Price Range*
3rd High 0.82075
2nd High 0.81481
Next High 0.81467
Current Price 0.81433
Next Low 0.81201
2nd Low 0.80886
3rd Low 0.80555

0.81467 – 0.81337 – 0.81481 – 0.81201 – 0.80886 – 0.81066

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