USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 0.81967 will continue.
Caution: A possible change in the direction of the support level at 0.80665 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82390 |
| 2nd High | 0.82311 |
| Next High | 0.81967 |
| Current Price | 0.81902 |
| Next Low | 0.80665 |
| 2nd Low | 0.80392 |
| 3rd Low |
0.81247 – 0.81967 – 0.82311 – 0.80665 – 0.80392 – 0.81742
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji