USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
An ascending movement up to the next resistance at 0.79592 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.79044 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.
In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79873 |
| 2nd High | 0.79674 |
| Next High | 0.79592 |
| Current Price | 0.79593 |
| Next Low | 0.79044 |
| 2nd Low | 0.79009 |
| 3rd Low | 0.78759 |
0.79592 – 0.79674 – 0.79408 – 0.79044 – 0.79009 – 0.7908 —
0.79560 – 0.79673 —
57.175107292911 – 58.812494861032 —
– —
0.79592 – 1767733200
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom chart pattern – – – – – – – –