USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 0.77929 is considered certain.
Caution: A possible change in the direction of the support level at 0.7774 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Bullish Belt Hold’ candle pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78197 |
| 2nd High | 0.78038 |
| Next High | 0.77929 |
| Current Price | 0.77826 |
| Next Low | 0.7774 |
| 2nd Low | 0.77709 |
| 3rd Low | 0.77649 |
0.77929 – 0.78038 – 0.78197 – 0.7774 – 0.77709 – 0.78079 —
0.77813 – 0.77793 —
39.413250531509 – 48.745786621567 —
– —
0.77929 – 1778124600
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –