USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.77176 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.76755 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. 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 Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.773 |
| 2nd High | 0.77248 |
| Next High | 0.77176 |
| Current Price | 0.77026 |
| Next Low | 0.76755 |
| 2nd Low | 0.76665 |
| 3rd Low | 0.76479 |
0.77176 – 0.77248 – 0.77181 – 0.76755 – 0.76665 – 0.76997 —
0.76982 – 0.76876 —
48.284741234899 – 40.906086297138 —
– —
0.77176 – 1770975000
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Belt Hold – – – – – – – – –