The combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 0.77397 is expected.
Caution: A possible change in the direction of the support level at 0.76938 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Then a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77869 |
| 2nd High | 0.77857 |
| Next High | 0.77397 |
| Current Price | 0.77408 |
| Next Low | 0.76938 |
| 2nd Low | 0.76932 |
| 3rd Low | 0.76861 |
0.77397 – 0.77042 – 0.77176 – 0.76938 – 0.76932 – 0.76861 —
0.77249 – 0.77314 —
56.562722182307 – 60.071015768666 —
– —
0.77397 – 1771347600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –