USD/CHF – 30M – BUY

The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards

The bullish trend up to the next resistance at 0.79433 will persist.

Caution: A possible counter-trend in the direction of the support level at 0.79014 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. 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).

0.79433 – 0.79936 – 0.80074 – 0.79014 – 0.78718 – 0.79147

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Inverse Head and Shoulder chart pattern