USD/CHF – 30M – BUYFurthermore a ‘StochRSI %K crosses above 0.2’ indicator layout is discovered. The indicator is ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.77926 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.78089 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Concealing Baby Swallow’ candle pattern is found. The chart forms ‘Concealing Baby Swallow’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78329 |
| 2nd High | 0.78197 |
| Next High | 0.78089 |
| Current Price | 0.77793 |
| Next Low | 0.77655 |
| 2nd Low | 0.77649 |
| 3rd Low | 0.77478 |
0.78089 – 0.77929 – 0.78038 – 0.77655 – 0.7774 – 0.77709 —
0.77989 – 0.77822 —
49.041595687423 – 32.933741149729 —
– —
0.78089 – 1778218200
Trading Signals: FOREX – USD – USD/CHF – CHF – Concealing Baby Swallow – – – – – – – – –