USD/CHF – 30M – BUY

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

A bullish movement up to the next resistance at 0.7848 is expected.

Caution: A possible change in the direction of the support level at could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.

Besides a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 0.7848 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 0.7848 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Advance Block’ chart pattern is existing. The candles form ‘Advance Block’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

0.7848 – 0.78474 – 0.78468 – 0.78198 – 0.77994 – 0.7783 —
0.78423 – 0.78335 —
49.800188005984 – 43.643558587878 —
– —
0.7848 – 1777968000

Trading Signals: FOREX – USD – USD/CHF – CHF – Advance Block – – – – – – – – –