USD/CHF – 30M – SELLThere is also a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.79891638 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.79995 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80646 |
| 2nd High | 0.8001 |
| Next High | 0.79995 |
| Current Price | 0.79966 |
| Next Low | 0.79817 |
| 2nd Low | 0.79679 |
| 3rd Low | 0.79606 |
0.79995 – 0.79847 – 0.79799 – 0.79817 – 0.79679 – 0.79606 —
0.79999 – 0.79968 —
63.668794321436 – 58.887119512016 —
– —
0.79995 – 1767906000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –