USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.80668 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.79852 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The 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 | 0.80668 |
| Current Price | 0.80656 |
| Next Low | 0.79852 |
| 2nd Low | 0.79376 |
| 3rd Low | 0.78778 |
0.80668 – 0.80096 – 0.80004 – 0.79852 – 0.79376 – 0.79513 —
0.80540 – 0.80626 —
58.39208822326 – 63.025419139382 —
– —
0.80668 – 1763587800
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – –