USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.79792 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.79556 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.
Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.798655 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.79792 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ chart pattern is found. The chart shows ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80646 |
| 2nd High | 0.80175 |
| Next High | 0.79792 |
| Current Price | 0.79739 |
| Next Low | 0.79556 |
| 2nd Low | 0.79512 |
| 3rd Low | 0.79438 |
0.79792 – 0.80175 – 0.80173 – 0.79556 – 0.79721 – 0.79859 —
0.79783 – 0.79699 —
45.615629452277 – 40.719419101918 —
– —
0.79792 – 1768226400
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –