USD/CHF – 4H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
An ascent up to the next resistance at 0.7942 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.79009 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.
There is also a ‘RSI Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘RSI Hidden Bullish Divergence’. which is often a bullish chart signal. The currency pair is likely to rise.
There is also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
There is also a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.79873 |
| Next High | 0.7942 |
| Current Price | 0.79319 |
| Next Low | 0.79009 |
| 2nd Low | 0.78551 |
| 3rd Low |
0.7942 – 0.79873 – 0.79733 – 0.79009 – 0.78551 – 0.79255 —
0.79342 – 0.79150 —
55.12672824703 – 46.842833344164 —
– —
0.79420 – 1767168000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – – – – – – – –