USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.77888 is certain.
Caution: A possible counter-trend in the direction of support at 0.77383 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Bullish Tri-Star’ candlestick pattern is detected. The candles show ‘Bullish Tri-Star’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79142 |
| 2nd High | 0.78171 |
| Next High | 0.77888 |
| Current Price | 0.77527 |
| Next Low | 0.77383 |
| 2nd Low | 0.77139 |
| 3rd Low | 0.76625 |
0.77888 – 0.78171 – 0.77473 – 0.77383 – 0.77139 – 0.76625 —
0.77511 – 0.77521 —
32.204535980876 – 34.633736758526 —
– —
0.77888 – 1770120000
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Tri-Star – – – – – – – – –