USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.79605 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.79991 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which 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 probability 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 | 0.79991 |
| Current Price | 0.79907 |
| Next Low | 0.79605 |
| 2nd Low | 0.79558 |
| 3rd Low | 0.79263 |
0.79991 – 0.79913 – 0.79792 – 0.79605 – 0.79613 – 0.79558 — 59.60154481329 – 48.941358640883 — 69.590495731517 – 38.352994731597 – 71.728060523328 – 60.050349063969
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double top chart pattern – –