USD/CHF – 30M – BUY

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

A bullish movement up to the next resistance level at 0.78073 is certain.

Caution: A possible change in the direction of the support level at 0.77478 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Then a ‘Bullish Engulfing’ chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

0.77828 – 0.78073 – 0.78253 – 0.77478 – 0.77655 – 0.77792 —
0.77706 – 0.77858 —
53.839592523464 – 61.628878591818 —
– —
0.77828 – 1773126000

Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Engulfing – – – – – – – – –