USD/CHF – 1H – BUY

The combination US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.

An ascent up to the next resistance line at 0.80469 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 0.80405 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘MACD-Hist Bullish Divergence’ indicator layout is existing. The indicator is ‘MACD-Hist Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern 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).

0.80469 – 0.80621 – 0.80833 – 0.80405 – 0.80262 – 0.80415 —
0.80299 – 0.80422 —
34.256293354684 – 56.376375944714 —
– —
0.80469 – 1764576000

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