USD/CHF – 30M – BUY

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

The bullish trend upwards to the next resistance at 0.80118 will persist.

Caution: A possible reversal of the trend in the direction of support at is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.80221 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.80118 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.80118 – 0.80267 – 0.80528 – 0.79914 – 0.80392 – 0.79959 —
0.79967 – 0.80043 —
42.343832094863 – 54.926984941131 —
– —
0.80118 – 1764783000

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