USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 0.80762 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.79937 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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 | 0.81936 |
| 2nd High | 0.81036 |
| Next High | 0.80762 |
| Current Price | 0.79762 |
| Next Low | 0.79937 |
| 2nd Low | 0.79214 |
| 3rd Low | 0.79003 |
0.80303 – 0.80762 – 0.80721 – 0.79937 – 0.80253 – 0.8 — 25.388740282613 – 29.286505133984 — 9.7224480064159 – 23.658570948619 – 3.2408160021386 – 11.127006318345
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –