USD/CHF – 30M – SELLAnd also a ‘Double bottom retreat down’ chart pattern is detected. The chart picture forms ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.
A bearish movement downwards to the next support line at 0.79438 is expected.
Caution: A possible change in the direction of resistance at 0.79674 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The currency 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 | 0.8001 |
| 2nd High | 0.79873 |
| Next High | 0.79674 |
| Current Price | 0.79517 |
| Next Low | 0.79438 |
| 2nd Low | 0.79058 |
| 3rd Low | 0.79044 |
0.79592 – 0.79264 – 0.79674 – 0.79438 – 0.79058 – 0.79044 —
0.79591 – 0.79620 —
55.63666946417 – 52.437790407413 —
– —
0.79592 – 1767735000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – – – – – – – –