USD/CHF – 1H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 0.78253 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.77649 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78374 |
| 2nd High | 0.78272 |
| Next High | 0.78253 |
| Current Price | 0.78269 |
| Next Low | 0.77649 |
| 2nd Low | 0.77478 |
| 3rd Low | 0.76707 |
0.77919 – 0.78253 – 0.78272 – 0.77649 – 0.77478 – 0.77595 —
0.78231 – 0.78118 —
66.228627736233 – 54.387414941496 —
– —
0.77919 – 1773180000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –