USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.80807 will persist.
Caution: A possible counter-trend in the direction of the support line at 0.80545 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this 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 | 0.81257 |
| 2nd High | 0.80924 |
| Next High | 0.80807 |
| Current Price | 0.80767 |
| Next Low | 0.80545 |
| 2nd Low | 0.80495 |
| 3rd Low | 0.80453 |
0.80807 – 0.80695 – 0.80690 – 0.80545 – 0.80495 – 0.80453 — 57.46786417973 – 60.468104713042 — 61.933301137375 – 87.035867200112 – 38.301984270398 – 60.869478571157
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –