USD/CHF – 30M – BUYAdditionally a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Falling Wedge Chart Pattern’. this is a bullish pattern signal. The currency pair is likely to rise.
The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 0.81467 will persist.
Caution: A possible change in the direction of the support level at 0.81201 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82075 |
| 2nd High | 0.81481 |
| Next High | 0.81467 |
| Current Price | 0.81514 |
| Next Low | 0.81201 |
| 2nd Low | 0.80886 |
| 3rd Low | 0.80555 |
0.81467 – 0.81337 – 0.81481 – 0.81201 – 0.80886 – 0.81066