USD/CHF – 1H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.79873 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.79679 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.80821 |
| Next High | 0.79873 |
| Current Price | 0.80010 |
| Next Low | 0.79679 |
| 2nd Low | 0.79438 |
| 3rd Low | 0.79044 |
0.79592 – 0.79674 – 0.79408 – 0.79679 – 0.79438 – 0.79044 —
0.79930 – 0.80033 —
60.863805773446 – 60.982404852419 —
– —
0.79592 – 1767733200
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –