The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 0.77934 is expected.
Caution: A possible trend reversal in the direction of the support level at could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
Then a ‘Three Outside Up’ candle pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79684 |
| 2nd High | 0.79142 |
| Next High | 0.77934 |
| Current Price | 0.77802 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.77934 – 0.77926 – 0.79142 – 0.77525 – 0.77305 – 0.77526 —
0.77715 – 0.77777 —
51.760175779666 – 53.340282086868 —
– —
0.77934 – 1769439600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –