USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.
A descending movement down to the next support level at 0.90081 is certain.
Caution: A possible change in the direction of the resistance level at 0.91370 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Southern Doji’ candlestick chart pattern is discovered. The chart forms ‘Southern 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 likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.90377 |
| Next Low | 0.90081 |
| 2nd Low | 0.89843 |
| 3rd Low | 0.89126 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji