USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
An ascending movement up to the next resistance line at 0.81882 is considered certain.
Caution: A possible trend reversal in the direction of the support line at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
There is also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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 | 0.85745 |
| 2nd High | 0.82683 |
| Next High | 0.81882 |
| Current Price | 0.81792 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.81882 – 0.81809 – 0.82683 – 0.81318 – 0.81191 – 0.81208
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji