USD/CHF – 30M – BUY

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

A bullish ascent up to the next resistance level at 0.77929 is certain.

Caution: A possible counter-trend in the direction of the support line at 0.7774 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘MACD Bullish Divergence’ indicator signal is existing. The indicator shows ‘MACD Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Then a ‘Three Outside Up’ chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.77929 – 0.78038 – 0.78197 – 0.7774 – 0.77709 – 0.78079 —
0.77926 – 0.77771 —
43.68600853546 – 34.344110667276 —
– —
0.77929 – 1778124600

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