The pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.76354 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.77272 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77934 |
| 2nd High | 0.77837 |
| Next High | 0.77272 |
| Current Price | 0.77181 |
| Next Low | 0.76354 |
| 2nd Low | 0.76027 |
| 3rd Low |
0.76999 – 0.77057 – 0.77272 – 0.76354 – 0.76465 – 0.76027 —
0.76846 – 0.77023 —
53.295419931422 – 60.100318624661 —
– —
0.76999 – 1769745600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – Double bottom chart pattern – – – – – – – –