USD/CHF – 30M – BUY

The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance line at 0.77625 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.77437 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.77618 – 0.77617 – 0.77625 – 0.77437 – 0.772 – 0.76938 —
0.77624 – 0.77641 —
61.693212703254 – 54.608045524741 —
– —
0.77618 – 1771561800

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