USD/CHF – 1H – BUYBesides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.78374 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.78272 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.78784 |
| 2nd High | 0.78374 |
| Next High | 0.78272 |
| Current Price | 0.78443 |
| Next Low | 0.77649 |
| 2nd Low | 0.77478 |
| 3rd Low | 0.76707 |
0.77919 – 0.78253 – 0.78272 – 0.77649 – 0.77478 – 0.77595 —
0.78224 – 0.78399 —
62.368014198947 – 68.840890442631 —
– —
0.77919 – 1773180000
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –