USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.80614 is considered certain.
Caution: A possible change in the direction of support at 0.79852 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles form ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80693 |
| 2nd High | 0.80671 |
| Next High | 0.80614 |
| Current Price | 0.80296 |
| Next Low | 0.79852 |
| 2nd Low | 0.79376 |
| 3rd Low | 0.78778 |
0.80096 – 0.80004 – 0.79751 – 0.79852 – 0.79376 – 0.79513 —
0.79960 – 0.80149 —
48.797194381563 – 68.223521921868 —
– —
0.80096 – 1763524800
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – –