USD/CHF – 30M – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 0.78782 will continue.

Caution: A possible change in the direction of resistance at 0.79202 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.79202 – 0.79841 – 0.80006 – 0.78782 – 0.79622 – 0.79783 —
0.79011 – 0.79048 —
33.14871174936 – 42.640750874527 —
– —
0.79202 – 1768926600

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