USD/CHF – 1H – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards
A descending movement down to the next support level at is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.80175 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
And also a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80853 |
| 2nd High | 0.80821 |
| Next High | 0.80175 |
| Current Price | 0.79619 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.80175 – 0.79592 – 0.79674 – 0.79859 – 0.79679 – 0.79438 —
0.79836 – 0.79769 —
39.413363283255 – 37.412770092155 —
– —
0.80175 – 1768179600
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –