The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.77656 is expected.
Caution: A possible reversal of the trend in the direction of support at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.
Besides a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78171 |
| 2nd High | 0.77888 |
| Next High | 0.77656 |
| Current Price | 0.77583 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.77656 – 0.77888 – 0.78171 – 0.77383 – 0.77139 – 0.76625 —
0.77592 – 0.77519 —
42.366638524679 – 41.346983291773 —
– —
0.77656 – 1770174000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –