The pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 0.80853 is certain.
Caution: A possible trend reversal in the direction of the support line at 0.80276 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘StochRSI Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘StochRSI Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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 | 0.8124 |
| 2nd High | 0.81016 |
| Next High | 0.80853 |
| Current Price | 0.80636 |
| Next Low | 0.80276 |
| 2nd Low | 0.80185 |
| 3rd Low | 0.79951 |
0.80853 – 0.8055 – 0.80393 – 0.80276 – 0.80185 – 0.79951 —
0.80686 – 0.80660 —
56.306699012207 – 47.937360312267 —
– —
0.80853 – 1765213200
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom retreat down – – – – – – – –