USD/CHF – 1H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance line at 0.79661 is expected.

Caution: A possible counter-trend in the direction of the support zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.79661 – 0.79938 – 0.80113 – 0.79315 – 0.78778 – 0.79858 —
0.79466 – 0.79693 —
43.249220523098 – 55.495209819235 —
– —
0.79661 – 1763431200

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom chart pattern – – – –