USD/CHF – 1H – BUY

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

A bullish movement up to the next resistance at 0.81116 is considered certain.

Caution: A possible change in the direction of support at 0.80893 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

Additionally a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. 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 considered certain. Current target is 0.81393 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 0.81116 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.81116 – 0.81345 – 0.81393 – 0.80893 – 0.80747 – 0.80689 —
0.80887 – 0.80920 —
36.892968789256 – 43.766912787753 —
– —
0.81116 – 1782450000

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –