The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
An ascent upwards to the next resistance level at 0.78763 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.77749 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.
Furthermore a ‘StochOSC Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘StochOSC Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair could go up.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern 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 | 0.80179 |
| 2nd High | 0.79339 |
| Next High | 0.78763 |
| Current Price | 0.78553 |
| Next Low | 0.77749 |
| 2nd Low | 0.77478 |
| 3rd Low | 0.76707 |
0.78763 – 0.78454 – 0.79339 – 0.77749 – 0.779 – 0.78691 —
0.78763 – 0.78496 —
59.874186308593 – 51.329420889771 —
0.78763 – 1777017600 —
– 1777017600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –