USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.79913 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.79605 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80555 |
| 2nd High | 0.80113 |
| Next High | 0.79913 |
| Current Price | 0.79901 |
| Next Low | 0.79605 |
| 2nd Low | 0.79558 |
| 3rd Low | 0.79263 |
0.79913 – 0.79792 – 0.80113 – 0.79605 – 0.79613 – 0.79558 — 62.150429816674 – 62.609617950945 — 92.120185247939 – 98.741669490568 – 75.504348808314 – 89.58545125946
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –