USD/CHF – 1H – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.79937 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.80303 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81036 |
| 2nd High | 0.80762 |
| Next High | 0.80303 |
| Current Price | 0.80411 |
| Next Low | 0.79937 |
| 2nd Low | 0.79214 |
| 3rd Low | 0.79003 |
0.80303 – 0.80762 – 0.80721 – 0.79937 – 0.80253 – 0.8 — 59.317971272802 – 49.086564858011 — 32.256738065867 – 17.150760719225 – 42.095622593548 – 27.195245037569
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –