USD/CHF – 1H – BUY

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

A bullish movement upwards to the next resistance at 0.77042 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.76861 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

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

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.77042 – 0.77176 – 0.77248 – 0.76861 – 0.76693 – 0.76665 —
0.76918 – 0.76962 —
47.02003357381 – 48.03229355296 —
0.76861 – 1771286700 —
0.77042 – 1771254000

Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Belt Hold – Head and Shoulder chart pattern – – – – – – – –