USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 0.80528 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 0.79951 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80833 |
| 2nd High | 0.80621 |
| Next High | 0.80528 |
| Current Price | 0.80348 |
| Next Low | 0.79951 |
| 2nd Low | 0.79914 |
| 3rd Low | 0.79852 |
0.80528 – 0.80469 – 0.80621 – 0.79951 – 0.79914 – 0.79959 —
0.80298 – 0.80342 —
66.982941479817 – 61.768936737871 —
– —
0.80528 – 1764676800
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double top chart pattern – – – – – – – –