USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 0.80074 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 0.79811 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80799 |
| 2nd High | 0.80178 |
| Next High | 0.80074 |
| Current Price | 0.79764 |
| Next Low | 0.79811 |
| 2nd Low | 0.79574 |
| 3rd Low |
0.80074 – 0.80178 – 0.80799 – 0.79811 – 0.79574 – 0.79779
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji –