USD/CHF – 4H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.

An ascent upwards to the next resistance at 0.78171 is likely expected.

Caution: A possible change in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Then a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.

Then a ‘Inverted Hammer’ candle chart pattern is existing. The chart shows ‘Inverted Hammer’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).

0.78171 – 0.80405 – 0.80175 – 0.76027 – 0.78782 – 0.79556 —
0.77720 – 0.77797 —
51.623854189984 – 53.074960942552 —
– —
0.78171 – 1770048000

Trading Signals: FOREX – USD – USD/CHF – CHF – Inverted Hammer – Double top retreat up – – – – – – – –