The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 0.7772 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.771 could happen.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.
Next a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.
Next a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Next a ‘Three White Soldiers’ candlestick chart pattern is found. The chart shows ‘Three White Soldiers’. 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 success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80405 |
| 2nd High | 0.78171 |
| Next High | 0.7772 |
| Current Price | 0.77518 |
| Next Low | 0.771 |
| 2nd Low | 0.76288 |
| 3rd Low | 0.76027 |
0.7772 – 0.77397 – 0.773 – 0.771 – 0.76288 – 0.77419 —
0.77439 – 0.77249 —
49.012543695354 – 45.238777263015 —
– —
0.7772 – 1771603200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –