USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.79263 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.80113 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Southern Doji’ candlestick chart pattern is existing. The candles show ‘Southern 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 chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80762 |
| 2nd High | 0.80555 |
| Next High | 0.80113 |
| Current Price | 0.79354 |
| Next Low | 0.79263 |
| 2nd Low | 0.79214 |
| 3rd Low | 0.79003 |
0.80113 – 0.80555 – 0.80314 – 0.79558 – 0.80269 – 0.79974 — 21.766985351074 – 21.600584889202 — 18.01187446989 – 0 – 38.381679389313 – 19.422109132033
Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji – – –