USD/CHF – 4H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline up.
The bullish trend upwards to the next resistance at 0.80716 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.78718 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 0.80716 |
| Current Price | 0.79698 |
| Next Low | 0.78718 |
| 2nd Low | |
| 3rd Low |
0.80716 – 0.80762 – 0.81036 – 0.79837 – 0.8 – 0.80309 — 47.188614466157 – 45.668184209735 — 86.289078721006 – 97.812876183846 – 56.245980174749 – 80.66435082438
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – –