The combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A descending movement downwards to the next support line at will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.80621 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Then a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81016 |
| 2nd High | 0.80833 |
| Next High | 0.80621 |
| Current Price | 0.80512 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.80621 – 0.80833 – 0.80813 – 0.80262 – 0.80415 – 0.80575 —
0.80568 – 0.80515 —
58.66926018022 – 47.652918798469 —
– —
0.80621 – 1764248400
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –