USD/CHF – 30M – BUY

The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance at 0.78742 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 0.78316 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.78763 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.78742 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The 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).

0.78742 – 0.78763 – 0.78733 – 0.78316 – 0.78402 – 0.7828 —
0.78555 – 0.78639 —
45.445981981139 – 43.965349191145 —
– —
0.78742 – 1777048200

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