USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards
A descent down to the next support at 0.78466 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.78946 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The 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 | |
| 2nd High | |
| Next High | 0.78946 |
| Current Price | 0.78701 |
| Next Low | 0.78466 |
| 2nd Low | 0.7801 |
| 3rd Low | 0.77829 |
0.78946 – 0.78632 – 0.78082 – 0.78466 – 0.7801 – 0.77829 —
0.78946 – 0.78784 —
82.398461995926 – 50.725057825407 —
0.78946 – 1773399600 —
– 1773399600
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –