USD/CHF – 30M – BUY

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

An ascent upwards to the next resistance level at 0.79217 will persist.

Caution: A possible change in the direction of the support line at 0.78691 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.793995 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.79217 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

0.79217 – 0.79212 – 0.79261 – 0.79053 – 0.78691 – 0.79784 —
0.78990 – 0.78889 —
31.959784536688 – 41.287417513129 —
– —
0.79217 – 1775725200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –