USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 0.79433 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.79014 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80074 |
| 2nd High | 0.79936 |
| Next High | 0.79433 |
| Current Price | 0.79267 |
| Next Low | 0.79014 |
| 2nd Low | 0.78718 |
| 3rd Low |
0.79433 – 0.79936 – 0.80074 – 0.79014 – 0.78718 – 0.79147
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double top retreat up