USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 0.83110 is expected.
Caution: A possible counter-trend in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85834 |
| 2nd High | 0.85745 |
| Next High | 0.83110 |
| Current Price | 0.82778 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.83110 – 0.82871 – 0.81247 – 0.82391 – 0.81969 – 0.80665
Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji