USD/CHF – 30M – BUY

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

A bullish movement upwards to the next resistance level at 0.78572 is expected.

Caution: A possible trend reversal in the direction of the support zone at 0.78411 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.78572 – 0.79 – 0.78927 – 0.78411 – 0.78648 – 0.78652 —
0.78559 – 0.78523 —
50.80129741173 – 43.5653772032 —
– —
0.78572 – 1773808200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –