USD/CHF – 30M – BUYBesides a ‘Double top retreat up’ chart layout is discovered. The chart forms ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to go up.
The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline up.
A bullish ascent upwards to the next resistance at 0.81420 will persist.
Caution: A possible change in the direction of the support zone at 0.80665 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82344 |
| 2nd High | 0.82075 |
| Next High | 0.81420 |
| Current Price | 0.80910 |
| Next Low | 0.80665 |
| 2nd Low | 0.80392 |
| 3rd Low |
0.81420 – 0.82075 – 0.82344 – 0.81022 – 0.81846 – 0.82122
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji