USD/CHF – 4H – SELL

The pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.

A bearish descent downwards to the next support at 0.79009 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.79873 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.79674 – 0.7942 – 0.79873 – 0.79009 – 0.78551 – 0.79255 —
0.79585 – 0.79793 —
58.333129293009 – 63.530499375262 —
– —
0.79674 – 1767614400

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