USD/CHF – 30M – BUY

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

The bullish trend upwards to the next resistance at 0.81116 is likely expected.

Caution: A possible change in the direction of support at 0.80727 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.81175788 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.81116 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

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

0.81012 – 0.81033 – 0.81116 – 0.80727 – 0.80628 – 0.80827 —
0.81019 – 0.80992 —
69.170005521178 – 53.664072057813 —
– —
0.81012 – 1782822600

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