USD/CHF – 1H – BUYAnd also a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
And also a ‘Double top chart pattern’ chart pattern is found. The formation shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85834 |
| 2nd High | 0.82683 |
| Next High | 0.82390 |
| Current Price | 0.81418 |
| Next Low | 0.81318 |
| 2nd Low | 0.81191 |
| 3rd Low | 0.80991 |
0.82390 – 0.82683 – 0.81941 – 0.81318 – 0.81191 – 0.80991
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji