USD/CHF – 1H – SELL

The pair US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.79214 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 0.80580 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.80580 – 0.79864 – 0.79411 – 0.79214 – 0.79003 – 0.78718 — 77.629549839849 – 75.395871205527 — 83.374095592293 – 80.800143077452 – 82.541349123315 – 82.248589579784

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –