USD/CHF – 1H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.77857 will continue.
Caution: A possible change in the direction of the support line at 0.76938 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Hammer’ chart pattern is discovered. The candles form ‘Hammer’. 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 probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78171 |
| 2nd High | 0.77869 |
| Next High | 0.77857 |
| Current Price | 0.77576 |
| Next Low | 0.76938 |
| 2nd Low | 0.76932 |
| 3rd Low | 0.76861 |
0.77397 – 0.77042 – 0.77176 – 0.76938 – 0.76932 – 0.76861 —
0.77274 – 0.77625 —
52.488446468952 – 72.436567707242 —
– —
0.77397 – 1771347600
Trading Signals: FOREX – USD – USD/CHF – CHF – Hammer – – – – – – – – –