USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.78253 will persist.
Caution: A possible change in the direction of the support level at 0.77829 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Above the Stomach’ candle pattern is detected. The chart forms ‘Above the Stomach’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78374 |
| 2nd High | 0.78272 |
| Next High | 0.78253 |
| Current Price | 0.78114 |
| Next Low | 0.77829 |
| 2nd Low | 0.77649 |
| 3rd Low | 0.77478 |
0.78082 – 0.77919 – 0.77828 – 0.77829 – 0.77649 – 0.77478 —
0.78196 – 0.78215 —
59.612882064578 – 46.120581198829 —
– —
0.78082 – 1773255600
Trading Signals: FOREX – USD – USD/CHF – CHF – Above the Stomach – – – – – – – – –