USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.80762 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.79974 could occur.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81257 |
| 2nd High | 0.81036 |
| Next High | 0.80762 |
| Current Price | 0.80482 |
| Next Low | 0.79974 |
| 2nd Low | 0.79937 |
| 3rd Low | 0.79263 |
0.80314 – 0.80303 – 0.80212 – 0.79974 – 0.79937 – 0.80096 — 59.282102560575 – 61.928833927419 — 36.51304492588 – 51.763562456596 – 28.918759200517 – 38.791802535882
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –