The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.76997 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.
There is also a ‘Northern Doji’ candlestick pattern is existing. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.77057 |
| 2nd High | 0.76999 |
| Next High | 0.76997 |
| Current Price | 0.77184 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.76997 – 0.76999 – 0.77057 – 0.76625 – 0.76354 – 0.76483 —
0.76988 – 0.77302 —
56.732262085339 – 61.355844222821 —
– —
0.76997 – 1769772600
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –