USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.80646 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.79817 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ” indicator signal is discovered. The indicator is ”. which is often a bearish signal. The currency pair is likely to fall.
!
In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Tweezers Bottom’ candlestick chart pattern is existing. The candles form ‘Tweezers Bottom’. which 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 ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.80821 |
| Next High | 0.80646 |
| Current Price | 0.80156 |
| Next Low | 0.79817 |
| 2nd Low | 0.79679 |
| 3rd Low | 0.79606 |
0.80033 – 0.80009 – 0.79995 – 0.79817 – 0.79679 – 0.79606 —
0.80004 – 0.80173 —
53.68566385436 – 68.441898836428 —
– —
0.80033 – 1767951000
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Bottom – – – – – – – – –