The combination US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 0.79 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.78411 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79684 |
| 2nd High | 0.79227 |
| Next High | 0.79 |
| Current Price | 0.79280 |
| Next Low | 0.78411 |
| 2nd Low | 0.7801 |
| 3rd Low | 0.77649 |
0.79 – 0.79227 – 0.79166 – 0.78411 – 0.78648 – 0.78609 —
0.78643 – 0.79043 —
49.19946947025 – 74.895788172895 —
– —
0.79 – 1773738000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –