USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline up.
A bullish trend upwards to the next resistance at 0.82151 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82498 |
| 2nd High | 0.82479 |
| Next High | 0.82151 |
| Current Price | 0.79168 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.82151 – 0.82479 – 0.82498 – 0.80555 – 0.81567 – 0.81877
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Inverse Head and Shoulder chart pattern