USD/CHF – 30M – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards

An ascending movement up to the next resistance line at 0.80833 will persist.

Caution: A possible change in the direction of the support level at 0.80436 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.80838056 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.80833 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish 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).

0.80621 – 0.80833 – 0.80813 – 0.80436 – 0.80405 – 0.8046 —
0.80528 – 0.80644 —
49.894537583892 – 66.286334402658 —
– —
0.80621 – 1764248400

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –