USD/CHF – 1H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 0.82574 is considered certain.
Caution: A possible counter-trend in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86736 |
| 2nd High | 0.85834 |
| Next High | 0.82574 |
| Current Price | 0.81891 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.82574 – 0.85834 – 0.86736 – 0.83591 – 0.84506 – 0.84766
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji