USD/CHF – 1H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 0.78171 will persist.
Caution: A possible trend reversal in the direction of support at 0.77455 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bullish Belt Hold’ candle pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79684 |
| 2nd High | 0.79142 |
| Next High | 0.78171 |
| Current Price | 0.77847 |
| Next Low | 0.77455 |
| 2nd Low | 0.77383 |
| 3rd Low | 0.76625 |
0.78171 – 0.76999 – 0.77057 – 0.77455 – 0.77383 – 0.76625 —
0.77739 – 0.77827 —
53.885439689139 – 57.111534261258 —
– —
0.78171 – 1770051600
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Belt Hold – – – – – – – – –