USD/CHF – 4H – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support at 0.76027 is certain.

Caution: A possible change in the direction of the resistance line at 0.80405 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.78216 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.80405 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

0.80405 – 0.80175 – 0.79674 – 0.76027 – 0.78782 – 0.79556 —
0.76803 – 0.76987 —
36.877121482248 – 43.687767090946 —
– —
0.80405 – 1768492800

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –