USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline upwards
A bullish ascent upwards to the next resistance level at 0.82479 will continue.
Caution: A possible change in the direction of the support line at 0.80392 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83477 |
| 2nd High | 0.82498 |
| Next High | 0.82479 |
| Current Price | 0.81244 |
| Next Low | 0.80392 |
| 2nd Low | |
| 3rd Low |
0.82479 – 0.82498 – 0.83477 – 0.81567 – 0.81877 – 0.82092
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji