USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.90386 will continue.
Caution: A possible change in the direction of resistance at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Southern Doji’ candle chart pattern is discovered. The candles show ‘Southern 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 likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.91226 |
| Next Low | 0.90386 |
| 2nd Low | 0.90227 |
| 3rd Low | 0.90099 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji