USD/CHF – 4H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline up.
The bullish trend up to the next resistance at 0.80716 is expected.
Caution: A possible change in the direction of support at 0.79151 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. 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 | 0.81036 |
| 2nd High | 0.80762 |
| Next High | 0.80716 |
| Current Price | 0.79884 |
| Next Low | 0.79151 |
| 2nd Low | 0.78718 |
| 3rd Low |
0.80716 – 0.80762 – 0.81036 – 0.79151 – 0.79837 – 0.8 — 52.13941840852 – 52.591413309492 — 99.127385306648 – 100 – 95.721859203551 – 97.71549381955
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –